Riverstone: Corporate Update
(firmenpresse) - Riverstone: Corporate Update
August 24, 2012Symbols: TSXV – RVS; Frankfurt – 3RV; OTCQX - RVREF
Riverstone Resources Inc. (TSX-V; RVS) (“Riverstone” or the “Company”) announces that, subject to approval of the TSX Venture Exchange ("Exchange"), it will issue 300,000 common shares to Dwayne Melrose, President and Chief Executive Officer of the Company and 125,000 common shares to Peter Carter, Vice President Engineering of the Company in lieu of the cash bonuses that became payable pursuant to the terms of their respective employment agreements upon completion of the preliminary economic assessment on the Company's Karma Project in Burkina Faso. Issuance of the shares will preserve cash and further align the interests of these key officers with the Company's shareholders.
The shares will be subject to a hold period under the policies of the Exchange and applicable securities legislation for a period of four months following issuance.
Riverstone is active in Burkina Faso, West Africa, where it holds a portfolio of four high quality exploration projects covering in excess of 2,000 square kilometres. Additional information about the Company and its activities may be found on the Company’s website at www.riverstoneresources.com and under the Company’s profile at www.sedar.com.
ON BEHALF OF THE BOARD
“Michael D. McInnis”
Michael D. McInnis, Chairman
For further information contact:
Dwayne L. Melrose604-801-5020
Email: info(at)riverstoneresources.com
Don Mosher, Corporate Development 604-685-6465
Raju Wani, Investor Relations403-240-0555
Ron Cooper, Investor Relations604-986-0112
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.
Leseranfragen:
Riverstone Resources
1125 - 595 Howe Street
Vancouver, BC
Canada V6C 2T5
Datum: 27.08.2012 - 08:29 Uhr
Sprache: Deutsch
News-ID 177571
Anzahl Zeichen: 2075
contact information:
Town:
Wien
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 171 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Riverstone: Corporate Update
"
steht unter der journalistisch-redaktionellen Verantwortung von
Riverstone Resources (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
