Riverside Resources Options Cecilia Project, Sonora, Mexico to Calu
Financial Post ·
VANCOUVER, British Columbia, Oct. 20, 2026 (GLOBE NEWSWIRE) -- Riverside Resources Inc. (" Riverside " or the " Company ") (TSX-V: RRI) (OTCQB: RVSDF) (FSE: 5YY0), is pleased to announce that its subsidiary, Ravena Resources Corp. (" Ravena "), together with RRM Exploraciones, S.A.P.I. DE C.V., has completed an option agreement with 1559239 B.C. Ltd., operating as Calu Resources Corp (" Calu ") for the Cecilia Project in Sonora, Mexico. Under the agreement, Calu can earn 100% interest in the project by completing the business terms outlined below with a total earn-in work expenditure of $6,650,000. Ravena, the subsidiary of Riverside, will manage the exploration work and receive a 10% operations fee. The work will include an updated NI 43-101 report, followed by a firm commitment exploration program of at least C$150,000 in the first 12 months. Calu has made the initial payment of C$50,000 to Ravena to begin the option commitment. Calu is a new private company that intends to become public through a three-way amalgamation with Pender Capital. That transaction is described in a separate news release issued by Calu and Pender Street Capital Corp. Read More