Rio Verde Minerals (TSX:RVD) Begins Trading on Toronto Stock Exchange - Video Summary of Company Posted on www.InvestmentPitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, August 9, 2011 - Rio Verde Minerals (TSX:RVD) is
one of the latest new listings on the Toronto Stock Exchange.
InvestmentPitch.com has produced a "video news alert" about Rio Verde. If this
link is not enabled, please visit www.InvestmentPitch.com and enter "Rio Verde"
in the search box.
Rio Verde Minerals is focused on the exploration and development of fertilizer
projects in Brazil. The company's goal is to become the leading Brazilian
fertilizer mining and development company by selecting prime assets that are
near infrastructure, with known mineralization, in regions without significant
social or environmental issues.
Rio Verde's primary potash project, the Sergipe Potash Project, is located in
the Sergipe Basin, near the coastline city of Aracaju. Brazil is typically the
third largest potash consumer, and imports 90% of its potash requirements.
Currently, the Sergipe Basin is the only producing potash basin in Brazil.
The Sergipe Potash Project consists of seven separate land holdings and covers a
total area of 123,170 hectares of land currently licensed and/or under
application. Based on the analysis and processing of an extensive database,
comprised of 286 oil wells and 234 kilometres of 2D seismic lines, the company
has selected three priority targets believed to contain sylvinite and
carnallitite mineralization. Drilling has commenced on the company's priority
prospect, the Sergi Potash Prospect, and Rio Verde anticipates positive results.
The company also has a portfolio of phosphate exploration projects, concentrated
in the North and Northeasten regions of Brazil. These cover an area of 577,023
hectares of land currently licensed and/or under application. Many of these
projects are located on known mineralization, and three have the ability to be
drill ready this year.
Stephen Keith, Rio Verde's President & CEO stated, "The listing of Rio Verde on
the TSX is a significant milestone for the company. Our focus is to develop
sustainable, profitable projects and to deliver positive shareholder value. With
this listing, our shareholders will be able to realize greater growth as we look
forward to a successful year."
With a treasury of approximately $13 million, Rio Verde is fully funded to
execute its initial exploration program.
Rio Verde currently trades at $0.50 and with approximately 76,500,000 shares
outstanding, is capitalized at $38 million.
For a more information on Rio Verde, please visit their website at
www.rvminerals.com or phone Alex Penha, VP Corporate Development at
416-368-1573 or email apenha(at)rvminerals.com.
InvestmentPitch.com is a multimedia company that provides a combined solution
for creating, hosting, and distributing financial video content across multiple
platforms to investors and financial professionals.
CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
bmorgan(at)investmentpitch.com
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Source: InvestmentPitch via Thomson Reuters ONE
[HUG#1537329]
Unternehmensinformation / Kurzprofil:
Datum: 09.08.2011 - 21:52 Uhr
Sprache: Deutsch
News-ID 57091
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