Gold Ridge announces C$25 million private or public offering of equity

Deal conducted alongside C$25 million acquisition of Energy Knowledge

By Devika Patel

Knoxville, Tenn., May 12 – Gold Ridge Exploration Corp. said it will conduct a C$25 million “brokered or non-brokered private placement or public offering of equity, convertible equity, or such other securities or combination of securities.”

The company also announced it signed a letter of intent with Energy Knowledge Inc. on May 11. The company plans to acquire Energy Knowledge for C$25 million by issuing 25 million common shares at a deemed value of C$1.00 per share.

The oil and gas explorer is based in Calgary, Alta.

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