Water Global Resource Management, through its fund Waterton Global Value, L.P., acquired 30% stake in Mineral Ridge Gold Project from Golden Phoenix Minerals Inc. (OTCBB:GPXM) for $9 million on April 30, 2012. Mineral Ridge Gold Project was sold to Waterton Global Value, L.P. for a credit bid. Water Global Resource Management, through its fund Waterton Global Value, L.P., completed the acquisition of 30% stake in Mineral Ridge Gold Project from Golden Phoenix Minerals Inc. (OTCBB:GPXM) on April 30, 2012.