Ridgestone Mining Inc. announced a non-brokered private placement of 10,000,000 units at a price of CAD 0.08 per unit for the gross proceeds of CAD 800,000 on October 11, 2023. Each unit is comprised of one common share and one share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share of the company at an exercise price of CAD 0.10 per share for a period of five years from closing, subject to final TSX Venture Exchange.

All securities issued pursuant to the private placement will be subject to a hold period of four months and one day as required under applicable securities legislation. Directors and officers of the company may acquire securities under the transaction.