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New Listing: Ridgeline Minerals (TSXV:RDG)

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Ridgeline controls three 100% owned and highly prospective gold exploration projects totaling 116 square kilometers on the Carlin and Battle Mountain-Eureka trends in Nevada.

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Additional Information:

Company: Ridgeline Minerals
Website: http://www.RidgelineMinerals.com
Stock Symbol: TSXV: RDG
Date Published: Aug 17, 2020
Transcript: Available

Video Transcript:

I’m Cassandra Bolinski for Investmentpitch Media

Ridgeline Minerals is one of the latest new listings on the TSX Venture Exchange, trading under the symbol “RDG”, following its initial public offering.

The company raised $5,040,000 from the placement of 11.2 million units priced at $0.45 per unit.

Each unit consisted of 1 share and one-half a warrant, with the full warrant exercisable at $0.55 per share for 30 months subject to an acceleration clause.

The oversubscribed and upsized offering was managed by Haywood Securities.

Chad Peters, President and CEO, stated: “On behalf of Ridgeline, I would like to thank our existing and new shareholders for their support throughout this successful IPO process. We look forward to starting this pivotal chapter of Ridgeline’s growth as a listed company and owe a huge debt of gratitude to our shareholders, employees, local community, and advisors for enabling Ridgeline to reach this important milestone. We are now well funded to execute our planned 2020 drill programs at our Selena, Carlin-East, and Swift projects located on the prolific Carlin and Battle Mountain – Eureka Gold Trends.”

Ridgeline controls three 100% owned and highly prospective gold exploration projects totaling 116 square kilometers on the Carlin and Battle Mountain-Eureka trends in Nevada.

The company has mobilized a reverse circulation drill rig to its Selena project located in White Pine County, Nevada.

The 1,000 meter Phase II drill program will follow up on positive trenching and drilling results from the Phase I exploration program completed in the second quarter of 2020, and will target oxide gold-silver mineralization under shallow cover at the Chinchilla and Juniper targets.

Carlin-East, a Carlin-Type gold exploration project located within Nevada's prolific Carlin Trend, straddles the Eureka and Elko counties in Nevada.

Historic and currently producing mines nearby include the Goldstrike, Leeville, Carlin and Gold Quarry operations, which comprise the Nevada Gold Mines owned and operated Carlin/Goldstrike Complex.

Ridgeline’s proposed 1000 meter drilling campaign, scheduled for October 2020, will follow up on the success of the 2019 program by targeting a Leeville deposit analogue within the highly prospective Crash Zone target area.

Swift, a Carlin-Type gold exploration project located on the Cortez District of the Battle Mountain - Eureka Trend, is immediately adjacent to the historic Elder Creek gold mine as well as directly on trend of The Pipeline, Cortez Hills and Goldrush deposits which comprise the Nevada Gold Mines owned and operated Cortez Complex.

Throughout 2019 and the first half of 2020, Ridgeline completed property-wide geophysics, surface soil sampling and field mapping and will target the highly prospective Fallen City and Goat targets in 2020 with a 3,500 meter reverse circulation drill program expected to start in September.

The shares are trading at $0.65.

For more information, please visit the company’s website www.RidgelineMinerals.com, Chad Peters, President and CEO, at 866-734-6828 or email info@RidgelineMinerals.com.

I’m Cassandra Bolinski for Investmentpitch Media