Saturday, August 23, 2025

Riverside Completes Spin-Out of Capitan Mining

Riverside Resources (TSXV: RRI) has completed the spin out of shares of Capitan Mining (TSXV: CAPT) as of this morning. The spin out saw 100% of the interest in the PeƱoles gold-silver project placed into a new public vehicle, which expects to list on the TSX Venture by the end of the month.

Under the terms of the plan of arrangement, Riverside Resources saw its common shares delisted from the TSX Venture, with each shareholder receiving one new common share of Riverside and 0.2594 of a Capitan share for each old share held of Riverside. The new Riverside shares are listed on the TSX Venture under the same symbol, and commence trading this morning.

Capitan has received conditional approval to list its shares on the TSX Venture under the symbol “CAPT”. The firm is currently undergoing a financing at a price of $0.20 per share, for which it has raised $3.5 million currently. The financing is expected to close by August 21, with the company expected to commence trading shortly thereafter.

"We are delighted to work closely together with Alberto Orozco and the highly experienced Mexico-based technical team on the PeƱoles Mining District and the launching of this new spin-out company, Capitan Mining. Riverside drilled some of the first discovery holes and are very excited for Alberto and the Capitan team to move it forward. This is a great step for our collective stakeholders to share in the asset value of future exploration and advancement at the PeƱoles Project."

Riverside Resources last traded at $0.39 on the TSX Venture.


FULL DISCLOSURE: Riverside Resources is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Riverside Resources on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

A Medical Breakthrough the Market Overlooked | David Elsley – Cardiol Therapeutics

Why Grade Beats Size in Silver Mining | Frank Basa – Nord Precious Metals

Are Investors Missing the Start of the Next Commodity Supercycle? | Morgan Lekstrom – NexMetals

Recommended

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

ESGold Signs MOU For Tailings Project In Colombia With Grades Up To 42 g/t Gold, 280 g/t Silver

Related News

Monterey Minerals Signs Definitive Agreement For High Grade Gold Alicia Project

Monterey Minerals (CSE: MREY) announced this morning that it has signed a definitive agreement to...

Friday, May 22, 2020, 09:06:09 AM

Freeman Gold Begins Lemhi Metallurgical Test Work

This morning Freeman Gold (CSE: FMAN) announced they have begun metallurgical test work on their...

Tuesday, January 19, 2021, 08:23:23 AM

Prime Meridian Provides Overview Of Red Lake Properties, Pushes Towards Finalizing Work Program

Prime Meridian Resources (TSXV: PMR) this morning provided an overview of the firms projects within...

Wednesday, September 15, 2021, 09:29:00 AM

Rokmaster Resources: Constructive Drill Results At Gold-Rich Revel Ridge Project

On May 28, Rokmaster Resources Corp. (TSXV: RKR) reported constructive assay results on the first...

Saturday, June 12, 2021, 09:00:00 AM

Spotlight Series: AUX Resources With CEO Ian Slater

Our latest guest to join us on The Deep Dive Spotlight Series is that of...

Thursday, August 6, 2020, 11:27:09 AM