Riverside Resources Announces the Launch of Blue Jay Resources and Its Ontario Gold Project Portfolio
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Riverside Resources Inc. has transferred its Ontario gold properties to its subsidiary, Blue Jay Resources, with plans to spin out Blue Jay as a standalone company in 2025.
November 14, 2024 | 1:15 pm
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Riverside Resources Inc. has transferred its Ontario gold properties to Blue Jay Resources, setting the stage for a spinout in 2025. This strategic move could enhance Riverside's focus on exploration and potentially unlock value for shareholders.
The transfer of assets to Blue Jay Resources and the planned spinout could lead to a more focused exploration strategy for Riverside Resources. This may result in increased investor interest and potential value creation, positively impacting the stock price in the short term.
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