Ria Resources Completes First Tranche of Private Placement
29 Octobre 2011 - 11:15PM
PR Newswire (Canada)
CALGARY, Oct. 31, 2011 /CNW/ - Ria Resources Corp. ("RIA" or the
"Corporation") announces that on October 31, 2011 it completed the
closing of the first tranche of the non-brokered private placement
announced on October 18, 2011 (the "Offering"). The closing
placed 4,640,000 common shares (the "Common Shares") at a price of
$0.10 per Common Share and 125,000 common shares issued on a
flow-through basis (the "Flow-Through Shares") at a price of $0.20
per Flow-Through Share for gross proceeds of $489,000. The Common
Shares and Flow-Through Shares are subject to a four month hold
period. The proceeds of the Offering will be used for corporate
overhead and working capital to fund the continued work program on
the properties held by RIA. RIA intends to close the balance of the
Offering on or before December 2, 2011. This news release does not
constitute an offer to sell or a solicitation of an offer to buy
any of the securities in the United States. The offered
securities mentioned in this news release will not be registered
under the United States Securities Act of 1933, as amended (the
"U.S. Securities Act") and may not be offered or sold within the
United States or to, or for the account or benefit of U.S. persons
except in certain transactions exempt from the registration
requirements of the U.S. Securities Act. This news release shall
not constitute an offer to sell or the solicitation of an offer to
buy any securities in any jurisdiction. RIA is a company listed and
trading on the TSX Venture Exchange, symbol: RIA. Forward Looking
Statements This press release contains forward looking
statements. More particularly, this press release contains
statements concerning the anticipated use of the proceeds of the
Offering. Although RIA believes that the expectations reflected in
these forward looking statements are reasonable, undue reliance
should not be placed on them because RIA can give no assurance that
they will prove to be correct. Since forward looking statements
address future events and conditions, by their very nature they
involve inherent risks and uncertainties. The intended use of the
proceeds of the Offering by RIA might change if the board of
directors of RIA determines that it would be in the best interests
of RIA to deploy the proceeds for some other purpose. The forward
looking statements contained in this press release are made as of
the date hereof and RIA undertakes no obligations to update
publicly or revise any forward looking statements or information,
whether as a result of new information, future events or otherwise,
unless so required by applicable securities laws. 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. Ria
Resources Corp. CONTACT: Glenn HamiltonChief Financial OfficerRia
Resources Corp.Telephone No. (403) 510-0844
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