VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct 22, 2013) -
Riverside Resources Inc. ("Riverside" or the "Company") (TSX VENTURE:RRI)(PINKSHEETS:RVSDF)(FRANKFURT:R99), is pleased to provide an update on the status of its option agreement with partner Sierra Madre Developments Inc. ("Sierra Madre") for the Company's Peñoles Project. In 2011, Riverside and Sierra Madre entered into an option agreement (news release March 7, 2011) whereby Sierra Madre could earn an initial 51%. To-date, Riverside has received $2,100,000 in cash and shares from Sierra Madre, which helped cover Riverside's exploration investment costs. Sierra Madre also incurred more than $3,000,000 in drilling and exploration expenditures. The remaining requirements to earn 51% include a...
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