21:22:38 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Ridgestone Mining Inc
Symbol RMI
Shares Issued 23,137,347
Close 2018-11-08 C$ 0.27
Market Cap C$ 6,247,084
Recent Sedar Documents

ORIGINAL: Ridgestone Mining grants options to buy 2.3M shares

2018-11-08 19:32 ET - News Release

Received by email:

File: Ridgestone.News Release(announcement of Grant of Stock Options) (W0368637xB74B6).pdf

                                           Ridgestone Mining Inc.
                                      8F, No. 38, Lane 38, Jin-Xi Street
                                      Taipei, Da Tong District, Taiwan

       RIDGESTONE MINING ANNOUNCES GRANT OF INCENTIVE STOCK OPTIONS

November 8, 2018   Ridgestone Mining Inc. (TSX Venture-RMI) (the "Company" or "Ridgestone"),
announces that it has granted an aggregate of 2,300,000 incentive stock options (the "Options") to certain
of its directors, officers and consultants pursuant to the terms of the Company's stock option plan (the
"Plan"). The Options are exercisable for a term of five years at a price of $0.21 and vest immediately.
Following this grant, the Company has 2,300,000 options outstanding and 13,735 options remain
available for issuance under the 10% rolling Plan.

Any common shares issuable upon exercise will be subject to a four-month hold period expiring on
March 9, 2019.

For further information, please contact:

Erwin Wong
Chief Financial Officer and Corporate Secretary
Ridgestone Mining Inc.
Telephone: 604-377-8758

About the Company

Ridgestone Mining Inc. is engaged in the business of mineral exploration and holds an option to acquire a
100% interest in the Cimarron Gold Property located in Nye County, Nevada, USA.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking statements or information (collectively referred to herein as "forward-
looking statements") with respect to the grant of the options. Such statements are subject to risks and uncertainties
that may cause actual results, performance or developments to differ materially from those contained in the
statements and are not guarantees of future performance of the Company. No assurance can be given that any of the
events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will
obtain from them. These forward-looking statements reflect management's current views and are based on certain
expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could
cause our actual results to differ materially from those expressed or implied by the forward-looking statements,
including those described in the Company's Prospectus dated February 9, 2018 available on www.sedar.com.
Should one or more of these risks or uncertainties materialize, or should any of the Company's assumptions prove
incorrect, actual results may vary in material respects from those projected in the forward-looking statements.
Readers are cautioned that the foregoing list of risks, uncertainties and other factors is not exhaustive.
Unpredictable or unknown factors not discussed could also have material adverse effects on forward-looking
statements. The impact of any one factor on a particular forward-looking statement is not determinable with
certainty as such factors are dependent on other factors, and the Company's course of action would depend on its
assessment of the future considering all information then available. All forward-looking statements in this news
release are expressly qualified in their entirety by these cautionary statements. Except as required by law, the
Company assumes no obligation to update forward-looking statements should circumstances or management's
estimates or opinions change.
 


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