Riverside Announces the Termination of Reorganization and Option Agreements With Guerrero Exploration Inc.
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/27/12 -- Riverside Resources Inc. ("Riverside" or the "Company") (TSX VENTURE: RRI)(PINKSHEETS: RVSDF)(FRANKFURT: R99) announces that it has received notice from Guerrero Exploration Inc. ("Guerrero") of its termination of the reorganization agreement between Riverside and Guerrero (the "Reorganization Agreement") announced June 19, 2012. At the time the Reorganization Agreement was entered into, Guerrero was in default with respect to its option to acquire up to a 70% interest in the Chapalota property, Mexico, from the Company pursuant to an option agreement between the parties (the "Chapalota Option Agreement") announced June 30, 2011. One of the purposes of the Reorganization Agreement was to set forth new terms upon which Guerrero could earn a 100% interest in the Chapalota property. With the termination of the Reorganization Agreement, Guerrero's option to acquire an interest in the Chapalota property has now terminated.
ON BEHALF OF RIVERSIDE RESOURCES INC.
Dr. John-Mark Staude, President & CEO
Neither the 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.
Contacts:
Riverside Resources Inc.
John-Mark Staude
President & CEO
(778) 327-6671
(778) 327-6675 (FAX)
Riverside Resources Inc.
Joness Lang
Manager, Corporate Development
(800) RIV-RES1
(778) 327-6675 (FAX)
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 27.07.2012 - 23:00 Uhr
Sprache: Deutsch
News-ID 169541
Anzahl Zeichen: 0
contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
Diese Pressemitteilung wurde bisher 309 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Riverside Announces the Termination of Reorganization and Option Agreements With Guerrero Exploration Inc."
steht unter der journalistisch-redaktionellen Verantwortung von
Riverside Resources Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
