Revolution Agreement with Minera Rio Tinto Terminated
15.06.2013 | Marketwire
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/14/13 -- Revolution Resources Corp. (TSX: RV) ("Revolution" or the "Company") is announcing the agreement to sell the Concepcion property to Minera Rio Tinto, S.A. DE C.V. ("Minera Rio Tinto") is being terminated. As per the agreement, there was a 60 day due diligence period for each party, and both parties agreed they will not complete the agreement. Terms from the original agreement can be found in Revolution's news release dated April 30th, 2013.About Revolution
Revolution Resources Corp. is a TSX-listed exploration company (TSX: RV) based in Vancouver, BC, Canada. The Company's current exploration activities are focused on the historic belts of Mexico and the USA. Revolution is dedicated to the identification and advancement of precious and base metal deposits utilizing a prospect generator model in Mexico, while maintaining 100% ownership of its Champion Hills discovery in the Carolina Slate Belt of the southeastern USA. Further information can be found on the Company's website at www.revolutionresourcescorp.com.
ON BEHALF OF THE BOARD of Revolution Resources Corp.
Aaron Keay
President, CEO and Director
Forward-Looking Statements: Some statements in this news release contain forward-looking information or forward-looking statements for the purposes of applicable securities laws. These statements include, among others, statements with respect to the completion of the sale of the Concepcion property (the "Transaction"), the Company's plans for exploration and development of the Mexican properties, potential mineralization and the use of proceeds from the Transaction. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such risk factors include, among others, failure of the conditions to completion of the Transaction to be satisfied or waived; failure to complete the Transaction, failure to obtain regulatory approvals, the timing and success of future exploration and development activities, exploration and development risks, title matters, inability to obtain any required third party consents, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices and one-time events. In making the forward-looking statements, the Company has applied several material assumptions including, but not limited to, the assumptions that: (1) the conditions to closing of the Transaction will be satisfied or waived; (2) the Transaction will be completed as planned; (3) market fundamentals will result in sustained metals and minerals prices and (4) any additional financing needed will be available on reasonable terms. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
Contacts:
Revolution Resources Corp.
Dylan Berg, Manager, Investor Relations
604-681-5672 (direct) or 604-616-1182 (cell)
dylan@revolutionrc.com
Revolution Resources Corp.
Aaron Keay,
President, CEO and Director
604-678-4024 (direct) or 604-323-6911 (cell)
aaron@revolutionrc.com
www.revolutionresourcescorp.com