Riverside Resources, listed on the TSX Venture exchange under the symbol “RRI”, is a unique take on the resource sector. The company bills itself as a prospect generator, with its business model focused on utilizing its database and experienced technical team to acquire and discover new potential exploration assets.
The model has evidently worked very well for the company over its thirteen years of operation, with the firm having conducted a number of spin-outs and transactions that were beneficial to shareholders. The latest of which, the Peñoles Gold-Silver Project, completed its spin-out just yesterday, with the company placing the project into that of Capitan Mining (TSXV: CAPT), a soon-to-be-new issue on the TSX Venture for which Riverside shareholders received 0.2594 common shares for each share of Riverside held prior to the spin-out.
Today, we have Riverside’s CEO John-Mark Staude on the line to tell us more about the firms business strategy, and what upcoming events it has in store for shareholders.
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.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.