Golden Ridge Resources Ltd (TSE:GLDN) has released an update.
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Golden Ridge Resources Ltd. has entered into a credit facility agreement to advance up to $950,000 to MM Group Ltda., as part of its strategic acquisition of an 80% interest in the company. The loan, secured against MMG’s assets, carries an 8% interest rate and is expected to see an initial advance of $250,000 by mid-December 2024. This move highlights Golden Ridge’s commitment to expanding its interests in mineral properties while its stock trading remains halted pending the completion of this transaction.
For further insights into TSE:GLDN stock, check out TipRanks’ Stock Analysis page.
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