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Riverside Resources (TSXV:RRI) closes upsized $720,000 private placement

Mining
TSXV:RRI
16 February 2022 15:00 (EDT)

Oakes Gold Project Source: Riverside Resources

Riverside Resources Inc. (RRI) has completed an upsized charity private placement for gross proceeds of $720,475.

The company issued 3.4 million flow-through shares at a price of $0.21.

Riverside Resources will use the funds to help finance the 2022 drill program at its Oakes Gold Project in Ontario and to follow up on work completed in 2021.

Riverside Resources is a gold-silver-copper exploration company with over $4 million in funding.

Riverside Resources Inc. (RRI) is down 6.25 per cent and is trading at $0.15 per share as of 2:47 p.m. EST.

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