VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 22, 2014) -
Riverside Resources Inc. ("Riverside" or the "Company") (TSX VENTURE:RRI)(OTC PINK:RVSDF)(FRANKFURT:R99) is pleased to announce that the Company has entered into an Option Agreement (the "Agreement") with Croes
US Gold Corp. ("Croesus"), whereby Croesus can acquire a 100% interest in the Company's Sugarloaf Peak Project in Arizona (the "Property"). In order to exercise the option, Croesus must incur $5,000,000 in aggregate exploration expenditures, pay Riverside $3,000,000 in cash ($1,500,000 payable in Croesus shares at Croesus' election) and issue Riverside a minimum of 2,500,000 Croesus shares, with Riverside retaining a 2% NSR. Croesus can purchase half (1%) of the NSR for $3,000,...
[...]