I’d like to personally thank you for your support and contribution to Riverside’s future growth and success. Investors providing capital and being part of the company’s success is critical and extremely appreciated. We have worked to grow a strong portfolio and leverage off our knowledge to gain investment from third parties who joint venture our projects. Riverside has generated royalty interests and is exposed to the discovery upside in gold, silver, copper and other commodities.
Riverside enters 2019 well positioned corporately with a tight share structure (less than 45,000,000 shares outstanding) and no debt. The Company will aim to build on the hard work during 2018 to bring on new joint-venture partnerships to our 100% owned projects and add new high-quality project acquisitions to our existing portfolio. Our team takes pride in Riverside’s focus on creating value through our dedication by building a strong Company with a blend of intellectual and partner capital to stretch every dollar spent.
Riverside is also supported by equity positions we have developed in other junior companies through partial payments on options of our projects. One of our private partners, Sinaloa Resources Inc. is progressing towards drilling at our La Silla Project and Riverside also continues to advance other projects within our portfolio. Additionally, Riverside holds 1M shares in Silver Viper Minerals and also holds 5M shares in another private company called Croesus Gold Corp., who is expected to complete a go-public transaction in 2019.
Since inception we have generated $2.00 in partner-funded work for every $1 the Company spends. This ability to generate partner-funding exposes shareholders to exploration results and discovery chances across multiple projects while reducing risk and cash burn for Riverside. Shareholders can now look forward to active discovery growth from a multitude of projects in Mexico.
One project we are particularly excited about is the Cecilia Gold Project in northeastern Sonora, Mexico. This is a project we identified years ago and gained more knowledge about its history while completing regional work in the area. In 2018 Riverside expanded the property size by over 6 times to (68 km2), identified four new target zones and completed additional exploration sampling programs. The Cecilia Project is permitted for drilling in anticipation for a drill campaign in 2019.
We appreciate engaged shareholders and encourage you to call our Communications Team (778.327.6671 x 312) with any questions or comments about the Company. If you wish to receive news releases and investor updates straight to your inbox, please click here to sign up.
Thanks again for your commitment to being a Riverside shareholder. We promise to work hard to create value, grow the company and make this next stage a positive step for Riverside and all of its owners.