13:19:42 EDT Mon 21 Oct 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

ORIGINAL: Ridgestone receives $65,000 loan from director

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

Received by email:

File: Ridgestone.News Releaseannouncing loan (March 7, 2019) (W0374851xB74B6).pdf

                      Ridgestone Mining Inc. Announces Loan Financing

VANCOUVER, BC / March 7, 2019  /Ridgestone Mining Inc. (TSX.V:RMI) (OTCQB: RIGMF)
("Ridgestone" or the "Company") announces that is has entered into an unsecured loan agreement with
one its directors in the amount of $65,000 (the "Loan"). 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% 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 (the "Bonus Shares") in the capital of the Company in the amount of
20% 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.

For further information, please contact:

Erwin Wong, Director
Ridgestone Mining Inc.
Telephone: (604) 377-8758


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.


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"). 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. In this news release such statements include but are not limited to the
preparation of a definitive agreement and the requirement of TSX Venture Exchange approval therefor. 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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