Riverside Resources’ Exciting Spin-Out Announcement: Pichette, Oakes, and Duc Projects to Become Blue Jay Gold Corp.
Vancouver, BC, January 28, 2025 – In an electrifying development for the mining industry, Riverside Resources Inc. (RRI, RVSDF, 5YY) has recently announced a definitive arrangement agreement with its subsidiary, Blue Jay Gold Corp. (Blue Jay), for the spin-out of Riverside’s Ontario Gold Projects – Pichette, Oakes, and Duc – to Riverside’s shareholders.
What Does This Mean for Riverside Shareholders?
Under the arrangement, Riverside’s shareholders will receive one Blue Jay Share for every five (5) Riverside shares they currently hold. This means that every Riverside investor will become an automatic shareholder in Blue Jay, giving them exposure to the Ontario Gold Projects. This is an excellent opportunity for Riverside investors to diversify their portfolio and potentially increase their stake in gold exploration projects.
The Impact on Blue Jay Gold Corp.
Blue Jay Gold Corp. will become an independent entity with a focus on advancing the Pichette, Oakes, and Duc gold projects. With Riverside’s expertise and resources behind it, Blue Jay is poised to make significant strides in the exploration and development of these projects. The spin-out will give Blue Jay a stronger market presence and financial backing, enabling it to attract new investors and potentially secure additional funding for its operations.
The Wider Implications
The spin-out of Riverside’s Ontario Gold Projects to Blue Jay Gold Corp. is not just an internal restructuring for Riverside but also a significant event for the mining industry. It demonstrates Riverside’s commitment to creating value for its shareholders while focusing on its core competencies. This move is also likely to attract attention from other mining companies, potentially leading to more mergers, acquisitions, and spin-offs in the sector.
Conclusion
Riverside Resources’ spin-out of its Ontario Gold Projects to Blue Jay Gold Corp. marks an exciting new chapter for both companies. For Riverside shareholders, this means a diversified portfolio and potential increased exposure to gold exploration projects. Blue Jay Gold Corp. will benefit from the spin-out by becoming an independent entity with a strong focus on advancing its projects and attracting new investors. The wider implications of this move could lead to more mergers, acquisitions, and spin-offs in the mining sector, making it an intriguing development to watch.
- Riverside Resources announces spin-out of Ontario Gold Projects to Blue Jay Gold Corp.
- Shareholders to receive one Blue Jay Share for every five Riverside shares.
- Blue Jay Gold Corp. to focus on advancing Pichette, Oakes, and Duc projects.
- Potential for increased value for Riverside shareholders.
- Blue Jay to attract new investors and secure additional funding.
- Possible trend-setter for the mining industry with more mergers, acquisitions, and spin-offs.
