RIVA RECEIVES APPROVAL FROM TSX VENTURE EXCHANGE TO ACQUIRE KEY PROPERTIES IN GUYANA
17 12월 2010 - 10:57AM
PR Newswire (Canada)
VANCOUVER, Dec. 16 /CNW/ -- VANCOUVER, Dec. 16 /CNW/ - Riva Gold
Corporation (TSX-V: RIV) ("Riva" or "the Company") announces that
it has received approval from the TSX Venture Exchange for the
previously announced transaction involving two agreements (through
one of its subsidiaries) with the Pereira Group. The two
agreements give Riva the option to acquire the rights to two groups
of mineral properties in Guyana, the Nine Mile Properties and Honey
Camp Properties, which include the Puruni Property. The transaction
was conditional on the Company obtaining approval from the TSX
Venture Exchange within 30 days of signing the agreements. Erratum
- The Company would like to correct an error in this morning's
press release announcing an up to $10.5 million private
placement. The press release stated that each Warrant is
exercisable to acquire one Common Share at an exercise price of
Cdn$2.50 for a period of one year from the date of closing. The
correct exercise price for each Warrant should be Cdn$2.25. About
Riva Riva is a Canadian mineral exploration company focusing on
opportunities in Guyana. The Company controls a total of
125,799 acres of land in highly prospective and under-explored
areas of Guyana and trades on the TSX Venture Exchange under the
symbol "RIV". FORWARD-LOOKING STATEMENTS Certain statements
contained in this news release, including all statements that are
not historical facts, contain forward-looking statements and
forward-looking information within the meaning of applicable
securities laws. Such forward-looking statements or information
include, but are not limited to, statements or information with
respect to: the exploration and development of the mineral
properties being acquired by the Company; the Company's future
business and strategies; and expectations regarding the ability of
the Company to close the acquisition. Often, but not always,
forward-looking statements or information can be identified by the
use of words such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate" or "believes" or
variations of such words and phrases or statements that certain
actions, events or results "may", "could", "would", "might" or
"will" be taken, occur or be achieved. With respect to
forward-looking statements and information contained herein, we
have made numerous assumptions including among other things, that
no significant adverse changes will occur to our planned
exploration expenditures, that there will be no significant delays
of the completion of our planned exploration programs; as to the
continuing availability of capital resources to fund our
exploration programs; and that the Company will not experience any
adverse legislative or regulatory changes. Although our management
believes that the assumptions made and the expectations represented
by such statement or information are reasonable, there can be no
assurance that any forward-looking statement or information
referenced herein will prove to be accurate. Forward-looking
statements and information by their nature are based on assumptions
and involve known and unknown risks, uncertainties and other
factors which may cause our actual results, performance or
achievements, or industry results, to be materially different from
any future results, performance or achievements expressed or
implied by such forward-looking statement or information. Such
risks, uncertainties and other factors include, among other things:
general economic, market and business conditions; land use rights;
adverse industry events; the ability of the Company to acquire
additional mineral properties of merit; seasonality and weather
conditions; and currency fluctuations. Although we have attempted
to identify factors that would cause actual actions, events or
results to differ materially from those disclosed in the
forward-looking statements or information, there may be other
factors that cause actions, events or results not to be as
anticipated, estimated or intended. Also, many of the factors are
beyond the control of the Company. Accordingly, readers should not
place undue reliance on forward-looking statements or information.
The Company undertakes no obligation to reissue or update any
forward-looking statements or information as a result of new
information or events after the date hereof except as may be
required by law. All forward-looking statements and information
herein are qualified by this cautionary statement. Riva Gold
Corporation On behalf of the Board of Directors for Riva: Richard
Warke, Chairman and Chief Executive Officer Neither TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. To
view this news release in HTML formatting, please use the following
URL:
http://www.newswire.ca/en/releases/archive/December2010/16/c6137.html
pplease visit a
href="http://www.rivagoldcorp.com/"www.rivagoldcorp.com/a or
contact:br/ Letitia Cornacchia, Vice President, Investor Relations
and Corporate Communicationsbr/ Tel: +1 416 644 5084br/ Email: ua
href="mailto:lcornacchia@rivagoldcorp.com"lcornacchia@rivagoldcorp.com/a/u/p
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