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Mining company plans public offering

NNBW Staff

Rider Explorations Inc., a Reno company that owns mining claims in British Columbia, plans a $32,000 offering of its common stock.

The company has filed a prospectus with the Securities and Exchange Commission covering the sale of up to 640,000 shares at 5 cents each. The shares will be sold by a group of existing shareholders.

The company, which was created in 2007, has yet to post any revenues.