09:50:32 EDT Fri 20 Sep 2019
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Ridgestone Mining Inc
Symbol C : RMI
Shares Issued 24,125,939
Close 2019-02-13 C$ 0.18
Recent Sedar Documents

Ridgestone receives $65,000 loan from director

2019-03-07 14:02 ET - News Release

Mr. Erwin Wong reports

RIDGESTONE MINING INC. ANNOUNCES LOAN FINANCING

Ridgestone Mining Inc. has entered into an unsecured loan agreement with one its directors in the amount of $65,000. The loan will be used by the company for costs in regards to certain mineral concessions located in Mexico. The loan is for a two-year period and is subject to an annual interest rate of 12 per cent, accruing daily before as well as after maturity, default or judgment. The terms of the loan permit the company to prepay all or part of the loan at any time and from time to time without notice, bonus or penalty. In connection with the loan, the lender will be entitled to bonus common shares in the capital of the company in the amount of 20 per cent of the loan divided by the market price (as such term is defined in TSX Venture Exchange policies).

The loan and bonus shares are subject to TSX Venture Exchange approval.

About the company

Ridgestone is a TSX Venture Exchange-listed junior mineral exploration company with offices in Taipei and Vancouver, B.C. The company's focus is on precious metals and copper in Sonora, Mexico, and specifically the Rebeico gold-copper project.

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