Ridgeline Minerals Announces Upsized Non-Brokered Private Placement up to $4,200,000 – Ridgeline Minerals
Summary
Vancouver, Canada, January 31, 2025 Ridgeline Minerals Corp. (Ridgeline or the Company) (TSX-V: RDG | OTCQB: RDGMF | FRA: 0GC0) is pleased to announce that in connection with its previously announced non-brokered private placement (see January 22, 2025 news release) the Company has increased the size of the private placement up to 28,000,000 units (the Units), at a price of $0.15 per Unit, for aggregate gross proceeds of up to $4,200,000 (the Upsized Private Placement).Each Unit consists of one common share (a Share) of the Company and one-half of one non-transferable share purchase warrant (each a whole warrant a Warrant). The transaction will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of any shares issued to, or the consideration paid by such persons, will exceed 25% of the Companys market capitalization.The Company may pay a 6% cash finders fee in connection with the Upsized Private Placement. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.About Ridgeline Minerals Corp.Ridgeline Minerals is a discovery focused precious and base metal explorer with a proven management team and a 200 km2 exploration portfolio across seven projects in Nevada, USA. More information about Ridgeline can be found at www.ridgelineminerals.com.On behalf of the BoardChad PetersPresident & CEONeither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.Cautionary Note regarding Forward Looking StatementsStatements contained in this press release that are not historical facts are forward-looking information or forward-looking statements (collectively, Forward-Looking Information) within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.