Riverstone Announces Investor Relations Advisor, Stock Options
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/11/11 -- Riverstone Resources Inc. (TSX VENTURE: RVS)(FRANKFURT: 3RV) ('Riverstone' or the 'Company') is pleased to announce that it has retained Deutsche Investor-Relations GmbH ('DIRG') to provide Riverstone with investor relations services in Europe.
DIRG is a Berlin-based investor relations firm that provides a multitude of investor relations services to publicly traded companies wishing to make their public disclosure accessible in German-speaking Europe. DIRG will advise the Company and create and maintain an online presence for Riverstone through the creation of a corporate profile in German on www.wallstreetonline.de, with the intent of creating a multifaceted investor relations program based on this profile. DIRG is at arms-length to the Company and will provide the services from offices in Vancouver and Germany. DIRG has no direct or indirect interest in the Company but may acquire such interest in the future.
Pursuant to an agreement between DIRG and Riverstone, DIRG will be paid $2,500 per month to provide the services for an initial period of six months, subject to automatic six months renewals unless cancelled in advance by either party.
Under the terms of the agreement, DIRG has been granted a two-year stock option to purchase up to 300,000 shares of the Company at an exercise price of $0.72 per share in accordance with TSX Venture Exchange guidelines and the Company's stock option plan (the 'Plan'). The options will bear a four-month hold period and are subject to vesting provisions over an eighteen-month period, in accordance with the terms of the Plan. The agreement and stock options are subject to regulatory approval.
Riverstone Resources Inc. is active in gold exploration in Burkina Faso, West Africa, where the company holds an extensive portfolio of six high quality exploration permits covering 2,300 square kilometres. For further information about the company and its activities, please refer to 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, P. Eng., President & CEO
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.
Contacts:
Riverstone Resources Inc. - Vancouver Office
Michael D. McInnis
President
604-801-5020
Riverstone Resources Inc.
Raju Wani
Investor Relations
403-240-0555
Riverstone Resources Inc.
Ron Cooper
Investor Relations
604-986-0112
info@riverstoneresources.com
www.riverstoneresources.com