Tillkännagivande • Nov 05

MM Group LTDA cancelled the acquisition of 80% stake in Golden Ridge Resources Ltd. (TSXV:GLDN) from 2176423 Ontario Ltd. and others in a reverse merger transaction on November 4, 2025.

MM Group LTDA entered into a definitive agreement to acquire 80% stake in Golden Ridge Resources Ltd. (TSXV:GLDN) from 2176423 Ontario Ltd. and others for CAD 89.2 million in a reverse merger transaction on June 4, 2024. Golden Ridge will acquire 80% of the issued and outstanding membership interests in MMG from the Vendors in consideration of the issuance of 500,000,000 common shares in the capital of Golden Ridge having a deemed value of CAD 89.2 million, resulting in a reverse takeover of Golden Ridge by MMG. The Proposed Transaction ascribes a value of approximately CAD 10 million to Golden Ridge. Prior to completion of the Proposed Transaction, it is anticipated that Golden Ridge will consolidate the Golden Shares on the basis of approximately 2.927 pre-Consolidation shares for each one post Consolidation shares, subject to adjustment. Following the reverse takeover, the Resulting Issuer will continue doing the business of MMG under a name to be determined by Golden Ridge and MMG prior to the closing of the Proposed Transaction. Upon completion of the Proposed Transaction and the Consolidation and assuming completion of the minimum Concurrent Financing, it is anticipated that existing Golden Ridge shareholder will hold approximately 10.14% of the common shares in the capital of the Resulting Issuer, former MMG members will hold approximately 87.83% of the Resulting Issuer Shares and investors under the Concurrent Financing will hold approximately 2.03% of the Resulting Issuer Shares. In the event the maximum concurrent financing is completed, existing Golden Ridge shareholders, former MMG members and investors in the Concurrent Financing will hold approximately 9.38%, 81.24% and 9.28% of the Resulting Issuer Shares, respectively. In conjunction with and upon closing of the Proposed Transaction, the board of directors of the Resulting Issuer is expected to consist of seven (7) directors, three (3) of whom will be nominated by MMG, two (2) of whom will be nominated by Golden Ridge and two (2) of whom will be jointly nominated. If applicable, the existing directors and officers of the Company shall resign at or prior to the closing of the Proposed Transaction. The first directors of the Resulting Issuer are expected to include Mike Blady, Rodrigo Quintão, William Lindqvist and Ives Muller and such additional directors as determined by the parties. These directors shall hold office until the first annual meeting of the shareholders of the Resulting Issuer following closing, or until their successors are duly appointed or elected. The first officers of the Resulting Issuer are expected to be Mike Blady (Chief Executive Officer), Douglas Meirelles (President), Terese Gieselman (Chief Financial Officer and Corporate Secretary), Leonardo Quintão (Chief BusinessOfficer), Rodrigo Quintão (Chief Operating Officer) and Isreal Gonzaga (Country Executive) and such other officers as determined by the Resulting Issuer. In connection with the completion of the Proposed Transaction Golden Ridge and the Vendors are expected to enter into an agreement (the “Members’ Agreement”) to govern the operation of MMG following closing. The Members’ Agreement is expected to include customary terms including a free-carried interest on the 20% of MMG not being acquired by Golden Ridge as well as a right of first refusal in favour of the Resulting Issuer to acquire such interest. In connection with the Proposed Transaction, the Company will arrange a concurrent non-brokered private placement for sufficient gross proceeds for the Resulting Issuer to meet the Exchange’s listing requirement, currently anticipated to be in the range of minimum gross proceeds of CAD 2 million and maximum gross proceeds of CAD 10 million (the “Concurrent Financing”). The proceeds of the Concurrent Financing will be used to fund (i) expenses of the Proposed Transaction and the Concurrent Financing, (ii) the exploration and other expenses relating to MMG’s business, and (iii) the working capital requirements of the Resulting Issuer. Additional information concerning the Concurrent Financing will be included in a subsequent news release. Upon completion of the Proposed Transaction, it is anticipated that the Resulting Issuer will be listed as a Tier 1 Mining Issuer on the Exchange, with MMG as its primary operating subsidiary. As of November 21, 2024, MM Group and Golden Ridge entered into an amending agreement. The completion of the Proposed Transaction remains subject to a number of terms and conditions, among other standard conditions for a transaction of this nature, including, among other things: MMG delivering a NI 43-101-compliant technical report for MMG’s material properties that is acceptable to the Exchange and Golden Ridge; If required by the Exchange, MMG delivering a title opinion for each of its material properties in form and content satisfactory to the Exchange and the Company; No material adverse changes occurring in respect of either MMG or Minas; The parties obtaining all necessary consents, orders and regulatory and shareholder approvals, including the conditional approval of the Exchange, subject only to customary conditions of closing; If required by the Exchange, delivery of a sponsor report and an independent valuation satisfactory to the Exchange; The Name Change; Completion of the Concurrent Financing and Exchange acceptance. As of November 29, 2024, Golden Ridge has entered into a credit facility agreement to which the Company has agreed to advance to MMG up to an aggregate of CAD 950,000 (the 'Loan'). The Loan bears interest at a rate of 8% per annum and matures on July 30, 2025. The repayment of the Loan is secured against the assets of MMG and is subsidiaries and guaranteed by certain MMG members. The Company anticipates making a minimum initial advance on the Loan of CAD 250,000 in mid-December 2024, all in compliance with the policies of the TSX Venture Exchange. As of February 26, 2025, the Exchange has conditionally accepted the Transaction subject to the Issuer fulfilling all of the requirements of the Exchange on or before May 8, 2025. A Break Fee fee payable to MMG if Golden Ridge terminates the Securities Exchange Agreement in favour of a Golden Ridge Superior Proposal, with such fee consisting of: (a) CAD 0.25 million which shall be paid concurrently with such termination; and 2% of the Transaction Value of a Golden Ridge Superior Proposal, if completed in within six (6) months from the termination of the Securities Exchange Agreement, which shall be paid concurrently with the completion of such Golden Ridge Superior Proposal. Simultaneously, the fee payable to Golden Ridge if MMG terminates the Securities Exchange Agreement in favour of an MMG Superior Proposal, with such fee consisting of: (a) CAD 250,000, which shall be paid concurrently with such termination; and 2% of the Transaction Value of an MMG Superior Proposal, if completed in within six (6) months from the termination of the Securities Exchange Agreement, which shall be paid concurrently with the completion of such MMG Superior Proposal. As of March 31, 2025, Golden Ridge Resources entered into an amending agreement with MM Group Ltda and certain members of MMG amending the terms among the parties to extend the outside date for completion of the transactions contemplated in the share exchange agreement to April 15, 2025. April 28, 2025, among the parties to extend the outside date for completion of the transactions contemplated in the Share Exchange Agreement to May 15, 2025. As of May 30, 2025, amending the terms of the share exchange agreement dated June 4, 2024 among the parties to extend the outside date for completion of the transactions contemplated in the Share Exchange Agreement to June 16, 2025. Smythe LLP is acting as accountant and Computershare Investor Services Inc is acting as the transfer agent for Golden Ridge Resources Ltd. MM Group LTDA cancelled the acquisition of 80% stake in Golden Ridge Resources Ltd. (TSXV:GLDN) from 2176423 Ontario Ltd. and others in a reverse merger transaction on November 4, 2025.

Snöflinga Score
Värdering	2/6
Framtida tillväxt	0/6
Tidigare resultat	0/6
Finansiell hälsa	6/6
Utdelningar	0/6

Historiska aktiekurser
Aktuell aktiekurs	CA$0.055
52 veckors högsta	CA$0.075
52 veckors lägsta	CA$0.035
Beta	1.75
1 månads förändring	-8.33%
3 månaders förändring	0%
1 års förändring	n/a
3 års förändring	-15.38%
5 års förändring	-74.42%
Förändring sedan börsintroduktionen	-95.60%

	GLDN	CA Metals and Mining	CA Marknad
7D	10.0%	-2.1%	1.5%
1Y	n/a	83.4%	33.7%

GLDN volatility
GLDN Average Weekly Movement	14.7%
Metals and Mining Industry Average Movement	11.8%
Market Average Movement	10.2%
10% most volatile stocks in CA Market	18.0%
10% least volatile stocks in CA Market	3.9%

GLDN grundläggande statistik
Börsvärde	CA$3.22m
Vinst(TTM)	-CA$342.18k
Intäkter(TTM)	n/a

GLDN resultaträkning (TTM)
Intäkter	CA$0
Kostnad för intäkter	CA$0
Bruttovinst	CA$0
Övriga kostnader	CA$342.18k
Intäkter	-CA$342.18k

Vinst per aktie (EPS)	-0.0058
Bruttomarginal	0.00%
Nettovinstmarginal	0.00%
Skuld/egenkapitalförhållande	0%

Uppgifter	Senast uppdaterad (UTC-tid)
Analys av företag	2026/05/22 17:56
Aktiekurs vid dagens slut	2026/05/22 00:00
Intäkter	2025/12/31
Årlig intjäning	2025/06/30

Paket	Uppgifter	Tidsram	Exempel US-källa
Företagets finansiella ställning	10 år	Resultaträkning Kassaflödesanalys Balansräkning	SEC Form 10-K SEC Form 10-Q
Analytikernas konsensusuppskattningar	+3 år	Prognos för finansiella poster Analytikernas prismål	Rapporter från analytiker Blue Matrix
Marknadspriser	30 år	Aktiekurser Utdelningar, splittar och åtgärder	ICE Marknadsdata SEC Form S-1
Ägarskap	10 år	Största aktieägare Insiderhandel	SEC Formulär 4 SEC Formulär 13D
Förvaltning	10 år	Ledningsgrupp Styrelse och verkställande direktörer	SEC Form 10-K SEC Form DEF 14A
Viktiga utvecklingstendenser	10 år	Företagsmeddelanden	SEC Formulär 8-K

Golden Ridge Resources (GLDN) Aktievy

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Senaste nyheter och uppdateringar

Less than half of directors are independent

MM Group LTDA cancelled the acquisition of 80% stake in Golden Ridge Resources Ltd. (TSXV:GLDN) from 2176423 Ontario Ltd. and others in a reverse merger transaction on November 4, 2025.

Golden Ridge Resources Ltd., Annual General Meeting, Jul 29, 2025

Kingfisher Metals Corp. (TSXV:KFR) completed the acquisition of Hickman Project from Golden Ridge Resources Ltd. (TSXV:GLDN) for CAD 0.05 million.

Less than half of directors are independent

MM Group LTDA entered into a definitive agreement to acquire Golden Ridge Resources Ltd. (TSXV:GLDN) from 2176423 Ontario Ltd. and others for CAD 89.2 million in a reverse merger transaction.

Recent updates

Less than half of directors are independent

MM Group LTDA cancelled the acquisition of 80% stake in Golden Ridge Resources Ltd. (TSXV:GLDN) from 2176423 Ontario Ltd. and others in a reverse merger transaction on November 4, 2025.

Golden Ridge Resources Ltd., Annual General Meeting, Jul 29, 2025

Kingfisher Metals Corp. (TSXV:KFR) completed the acquisition of Hickman Project from Golden Ridge Resources Ltd. (TSXV:GLDN) for CAD 0.05 million.

Less than half of directors are independent

MM Group LTDA entered into a definitive agreement to acquire Golden Ridge Resources Ltd. (TSXV:GLDN) from 2176423 Ontario Ltd. and others for CAD 89.2 million in a reverse merger transaction.

New major risk - Share price stability

Golden Ridge Resources Ltd. Intersects 70.75 Meters of 1.05 g/t Au Including 16.45 Meters of 2.38 G/T At the Williams Gold Property

New major risk - Share price stability

New minor risk - Share price stability

Golden Ridge Resources Ltd., Annual General Meeting, Aug 29, 2023

Golden Ridge Resources Ltd. Announces the Completion of the Maiden 4,185M Drill Program on the Williams Gold Property

Less than half of directors are independent

Golden Ridge Resources Commences Major Field Program At the Heritage Project

Golden Ridge Resources Ltd. Commences Drilling At the Williams Gold Property

Golden Ridge Resources Ltd., Annual General Meeting, Aug 25, 2022

Golden Ridge Resources Ltd. Commences Exploration At the Williams Gold Property

Less than half of directors are independent

Golden Ridge Resources Ltd. Announces the Resignation of Duane Lo from the Company's Board of Directors Effective February 28, 2022

Insufficient new directors

Golden Ridge Resources Ltd. Reports Discovery of High-Grade Au Float At the Williams Gold Property

Golden Ridge Resources Ltd. Completes Trenching at the Williams Gold Property, Located Within New Found Gold Corps' Queensway South Gold Project

Golden Ridge Resources Ltd. Commences Exploration At the Williams Gold Property, Located Within New Found Gold Corps' Queensway South Gold Project

Golden Ridge Resources Ltd. announced that it expects to receive CAD 1.45 million in funding

Golden Ridge Resources Ltd. announced that it has received CAD 2.1 million in funding from 2176423 Ontario Ltd.

Golden Ridge Resources Ltd. announced that it expects to receive CAD 2.1 million in funding

Golden Ridge Resources Ltd. Receives Trenching Permits for Its Williams Gold Project, Located Within the New Found Gold Corps' Queensway South Gold Project

Golden Ridge Resources Announces Results from Holes He-Tz-20-01 to He-Ez-20-22, Drilled At the Eagle, Pinnacle, Turpin, and Lunch Spot Zones

Golden Ridge Resources Ltd. Drills 7.42 Metres of 4.94g/t Au and 48.44g/t Ag (468.31g/t AgEq) at the Heritage Project, Newfoundland and Labrador

Golden Ridge Resources Ltd. Announces Results from Holes HE-EZ-20-03 to HE-EZ-20-6 at the Eagle Zone

Golden Ridge Resources Ltd. Announces Initial Results from the First Two Holes Completed At the Eagle Zone

Golden Ridge Resources Ltd. Announces Results of a Comprehensive Phase I Soil Sampling and Prospecting Program on the Williams Project

Golden Ridge Resources Ltd. Commences Drilling At the Heritage Project, Newfoundland and Labrador

Golden Ridge Resources Ltd. Completes Airborne Geophysical Survey and Mobilizes Drilling Crews to its Heritage Project, Newfoundland and Labrador

Golden Ridge Resources Ltd. Announces the Completion of Phase I Soil Sampling and Prospecting Program at the Williams Project

Golden Ridge Resources Ltd. announced that it expects to receive CAD 1.5 million in funding

Golden Ridge Resources Ltd. (TSXV:GLDN) acquired District Scale Property Portfolio in Newfoundland from Puddle Pond Resources Inc and others.

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