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Westridge Resources (CSE: WST) New Listing

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Westridge Resources is focused on the acquisition, evaluation and exploration of mineral resource properties.

Additional Information:

Company: Westridge Resources
Stock Symbol: CSE: WST
Date Published: Oct 23, 2017
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

Westridge Resources is the latest new listing on the Canadian Securities Exchange, trading under the symbol “WST”.

The company previously traded on the TSX Venture Exchange.

Westridge Resources is focused on the acquisition, evaluation and exploration of mineral resource properties.

In May 2017 the company entered into an Option Agreement with Intact Gold to acquire 100% interest in the 240-hectare Black Jack Gold Property, located in the Kenora mining division of Ontario, approximately 20 kilometres southeast of Kenora.

The company will pay up to $155,000 and issue up to 150,000 shares in staged payments over 3 years.

Gold mineralization occurs in high concentrations sporadically within recrystallized quartz veins.

For a full history of the property, please refer to the NI 43-101 Technical Report filed on Sedar.

The company has recently completed an initial Phase I work program on the property, including a High Resolution UAV-MAG survey at 20 metre line spacing for a total of 140 line kilometers, UAV orthophoto and DEM creation and compilation, digitization and interpretation of available historical data.

Over the next 12-month period, the company has budgeted $325,000 to complete further work programs to determine viability going forward, including a trenching program and a detailed IP survey of targets identified in Phase I.

The company will continue to pursue other viable gold properties and investment opportunities.

The company has retained Mackie Research on a best-efforts basis to raise gross proceeds of up to $4.2 million.

The brokered private placement will consist of up to 12 million units, priced at $0.35 per unit, with each unit consisting of 1 share and 1 full warrant, with each warrant exercisable at $0.50 for 24 months.

The shares are currently trading at $0.32, and with 35.6 million shares outstanding, the company is capitalized at $11.4 million.

For more information Michael Young, President and CEO, at 604-565-5100 or email michael@goldmedalcorp.com.

I’m Samantha Deutscher for Investmentpitch Media