Riverside Receives $650,000 in Proceeds From Private Sale of 3,000,000 Croesus Gold Corp Shares

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/866-tsx-venture/rri/26159-riverside-receives-650-000-in-proceeds-from-private-sale-of-3-000-000-croesus-gold-corp-shares.html

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Oct. 31, 2016) – Riverside Resources Inc. (“Riverside” or the “Company”) (TSX VENTURE:RRI)(OTC PINK:RVSDF)(FRANKFURT:R99) has sold 3,000,000 common shares in privately held Croesus Gold Corp (“Croesus”) for total proceeds of $650,000 CAD. The Company received 6,000,000 Croesus common shares as part of the Sugarloaf Peak Project sale (see Riverside press releases dated December 21, 2015 and March 28, 2016). Riverside continues to hold 3,000,000 Croesus common shares and retains a 2% net smelter return royalty (NSR) on the Project.

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