Riverside Resources Signs an Agreement to Option Penoles Silver-Gold Property

Riverside Resources Inc. (TSXV:RRI,PINK:RVSDF,FRA:R99) announced that it has signed a binding letter of agreement with Sierra Madre Developments (TSXV:SMG) to jointly develop the Peñoles Property.

The press release is quoted as saying:

Upon the exercise of the Initial Option, Riverside and Sierra shall be deemed to have formed a joint venture (the “Joint Venture”), with Sierra earning a 51% interest in the Property.

To read the full press release, click here.