Bayridge Announces Closing of Non-Brokered Private Placement

Group 1 - Bayridge Resources Corp. has closed a non-brokered private placement for gross proceeds of $567,500 to advance its mineral projects and for general working capital [1][2] - The private placement included the issuance of 1,830,000 flow-through units (FT Units) at $0.25 each and 550,000 non-flow-through units (NFT Units) at $0.20 each [5] - The proceeds from the sale of FT Units will be used to incur "Canadian Exploration Expenses" as defined by the Income Tax Act (Canada) [1] Group 2 - The company paid $35,000 in cash finder's fees and issued 143,500 finder's warrants to parties that assisted in the private placement [2] - The securities issued in connection with the private placement are subject to a statutory hold period of four months and one day [2] - Bayridge Resources Corp. is focused on advancing its portfolio of Canadian uranium projects, including the 51% owned Baker Lake Uranium Project and a 40% interest in the Waterbury East project [3]