Greenridge Exploration Completes Debt Settlement for Growth
Greenridge Exploration’s Strategic Debt Settlement
Greenridge Exploration Inc. (“Greenridge” or the “Company”) has made a significant move in its financial strategy by completing a debt settlement totaling $241,578.75. This was achieved through the issuance of 250,000 common shares at a price of $0.97 per share. This strategic decision underscores Greenridge's commitment to enhancing shareholder value and sustaining long-term growth in the booming mineral exploration sector.
Understanding the Debt Settlement
This innovative financial maneuver will allow Greenridge to address its debts effectively. All securities associated with this transaction will observe a statutory hold period of four months and one day, a standard regulatory requirement. This policy enhances investor confidence by ensuring that shares are held to stabilize market fluctuations immediately following the issuance.
About Greenridge Exploration Inc.
Greenridge Exploration Inc. is dedicated to value creation through the acquisition and development of critical mineral projects across Canada. The Company is proud to have a diverse portfolio, with interests in 28 projects covering an impressive 388,040 hectares. Greenridge’s focus is on discovering valuable minerals such as uranium, lithium, nickel, copper, and gold.
Extensive Uranium Portfolio
Among its assets, Greenridge boasts one of Canada’s largest uranium property portfolios, with 15 projects covering approximately 212,845 hectares. This extensive portfolio positions Greenridge strategically in the uranium market, which is increasingly vital for global energy solutions.
Strategic Metals and Exploration
In addition to uranium, Greenridge is involved in 12 other strategic metals projects, including lithium and nickel. These projects cover roughly 175,195 hectares and are central to the Company’s ambition to expand its influence and operational capabilities within the mineral resource sector.
Highlights of Mineral Projects
Greenridge’s comprehensive portfolio includes several noteworthy properties with promising exploration results:
- The Black Lake property, located in the NE Athabasca Basin, has shown potential with significant uranium returns from exploratory drilling.
- The Hook-Carter property is strategically positioned near renowned deposits, indicating strong prospective value.
- The Gibbons Creek property showcased high-grade boulders in 2013, revealing the area's potential for future exploration.
- The Nut Lake property, with historical drilling activities, indicates significant uranium grades that could lead to future discoveries.
- The Firebird Nickel property has demonstrated notable nickel-copper intersections during recent drill programs, enhancing its development prospects.
- The Electra Nickel project previously reported considerable nickel concentrations during its drill program in 2022.
Leadership and Strategic Partnerships
Greenridge is fortified by an experienced management team and board of directors skilled in capital raising and mining project advancement. The Company also enjoys strategic partnerships, particularly with Denison Mines Corp. and Uranium Energy Corp., facilitating robust project development.
Commitment to Shareholder Value
The leadership at Greenridge remains dedicated to maximizing shareholder value through diligent management and strategic investments. The combination of a well-diversified project portfolio and seasoned experts positions the Company for future successes in the mining industry.
Contact Information
If you wish to learn more about Greenridge Exploration Inc. or seek further information about the debt settlement and its implications, please contact:
Russell Starr
Chief Executive Officer, Director
Telephone: +1 (778) 897-3388
Email: info@greenridge-exploration.com
Frequently Asked Questions
What is the total amount settled in Greenridge's debt settlement?
The total amount settled through this debt settlement is $241,578.75.
How many shares were issued as part of the settlement?
Greenridge issued 250,000 common shares at a price of $0.97 per share during the settlement.
What is the duration of the hold period for the issued securities?
There is a statutory hold period of four months and one day for the issued securities.
What minerals is Greenridge focusing on?
Greenridge is focused on minerals such as uranium, lithium, nickel, copper, and gold.
Who can I contact for more information about Greenridge Exploration Inc.?
You can contact Russell Starr, the CEO, at +1 (778) 897-3388 or email info@greenridge-exploration.com.
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