Mr. Erwin Wong reports
RIDGESTONE MINING TO PROCEED WITH 2:1 FORWARD SPLIT
Ridgestone Mining Inc. will proceed with its proposed forward stock
split on a two-for-one basis. The record date of the forward split
will be May 14, 2018.
Management of the company believes that the forward split will provide increased
liquidity to shareholders and flexibility to seek additional financing opportunities and/or
to pursue strategic transactions.
The forward split will result in the company's current issued and outstanding share
capital of 8,646,000 shares, as of the date of this news release, being increased to
17,292,000 issued and outstanding shares. The forward split is being conducted on a
push-out basis. The company's Cusip number and trading symbol will remain the same.
Shareholders of the company do not need to take any action with respect to the forward
split. The company's transfer agent will send registered shareholders a share certificate
representing the additional number of shares to be received as a result of the forward
split.
We seek Safe Harbor.
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