Ridgeline Minerals Corp. Closes Non-Brokered Private Placement
Vancouver, British Columbia–(Newsfile Corp. – February 13, 2025)
Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF) (FSE: 0GC0) (“Ridgeline” or the “Company”) is pleased to announce that in connection with its previously announced non-brokered private placement, the Company has closed its private placement for 27,562,983 units (the “Units”), at a price of $0.15 per Unit, for aggregate gross proceeds of $4,134,447 (the “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 successful closing of the private placement signifies a key milestone for Ridgeline Minerals Corp. The funds raised will be utilized for exploration and development of the company’s projects, further strengthening its position in the mineral exploration sector.
Impact on Individuals:
As an individual investor, the closing of the private placement by Ridgeline Minerals Corp. presents an opportunity to potentially capitalize on the company’s future growth. The successful placement indicates investor confidence in the company’s projects and management team, which could bode well for future returns on investment.
Impact on the World:
Ridgeline Minerals Corp.’s private placement closing highlights the continued interest and investment in the mineral exploration industry. As companies like Ridgeline secure funding for exploration and development, it can lead to new discoveries, job creation, and economic growth in the mining sector, ultimately contributing to the global supply of essential minerals.
Conclusion:
In conclusion, the successful closing of Ridgeline Minerals Corp.’s non-brokered private placement is a positive development for the company and its stakeholders. The funds raised will support the company’s growth initiatives and contribute to the advancement of mineral exploration activities. As the company progresses with its projects, investors and the global mining industry stand to benefit from the opportunities presented by Ridgeline’s continued success.
