Source: GoldSpot Discoveries Corp.
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  • GoldSpot Discoveries (SPOT) has closed its acquisition of Ridgeline Exploration Services Inc.
  • GoldSpot issued an aggregate of 1,951,219 common shares and made a cash payment of $28,000
  • The acquisition provides GoldSpot with high-calibre input for the company’s advanced artificial intelligence solutions
  • GoldSpot Discoveries is a technology services company in mineral exploration
  • GoldSpot Discoveries Corp. (SPOT) is down 5.31 per cent, trading at C$1.07 per share at 1:55 pm ET

GoldSpot Discoveries (SPOT) has closed its acquisition of Ridgeline Exploration Services Inc., a B.C.-based geological and logistical field services firm.

Denis Laviolette, Executive Chairman and President of GoldSpot commented on the acquisition.

“This strategic acquisition serves to strengthen GoldSpot’s position as one of the most expansive and diverse technology companies in the mineral exploration space,” said  “Since our inception, we have remained committed to providing innovative and high-quality services and we are excited to offer Ridgeline’s comprehensive service offerings to our growing client portfolio.”

The acquisition bolsters GoldSpot’s in-house capabilities with high-calibre input for the company’s advanced artificial intelligence solutions. GoldSpot’s new Applied Geophysics Division will also provide a full-service solution to solve common inconsistent and piecemeal data collection practices that increase risk and lower efficiency across the industry.

GoldSpot issued an aggregate of 1,951,219 common shares and made a cash payment of $28,000. The common shares issued in connection with the acquisition are subject to a statutory hold period expiring on December 4, 2021.

GoldSpot Discoveries is a technology services company in mineral exploration. GoldSpot is a leading team of expert scientists who merge geoscience and data science to deliver bespoke solutions that transform the mineral discovery process. In the race to make discoveries, GoldSpot produces Smart Targets and advanced geological modelling that saves time, reduces costs and provides accurate results.

GoldSpot Discoveries Corp. (SPOT) is down 5.31 per cent, trading at C$1.07 per share at 1:55 pm ET.

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