Rio Verde Minerals announces the completion of the acquisition of Rio Verde by B&A Fertilizers, a wholly-owned subsidiary of B&A Mineracao S.A.. The acquisition was completed pursuant to the merger of Rio Verde and B&A Fertilizers under Section 170 of the BVI Business Companies Act, 2004 (as amended) whereby B&A Fertilizers is the surviving entity and is effective on the date the articles of merger are registered by [...]
Rio Verde Minerals is pleased to report that it has released its Audited Consolidated Financial Statements and related Management Discussion and Analysis for the twelve months ended December 31, 2012. The Financial Statements and MD&A, together with the Company's 2012 Annual Information Form, have been filed on SEDAR. Forward-Looking Statements
Rio Verde Minerals is pleased to announce that holders of the Company's ordinary shares have approved the previously announced merger under Section 170 of the BVI Business Companies Act, 2004 involving the Company and B&A Fertilizers Limited, a wholly-owned subsidiary of B&A Mineracao S.A.. The Merger will be completed pursuant to the arrangement agreement, dated December 13, 2012, among the Company, B&A Fertilizers [...]
Rio Verde Minerals Development and B&A Mineracao are pleased to announce that they have entered into a definitive agreement pursuant to which B&A will acquire all of the issued and outstanding common shares of Rio Verde by way of a statutory Plan of Arrangement under the BVI Business Companies Act, 2004 or otherwise at a price of CAD $0.40 per share in cash (the "Consideration").
Rio Verde Minerals announced today that it has received a non-binding proposal to acquire the Company from B&A Mineracao S.A. and that it is in negotiations with B&A regarding the potential acquisition of the Company. Rio Verde has formed a special committee and has engaged financial and legal advisors to provide support with the process. Rio Verde cautions that there can be no assurances that an agreement will [...]
Rio Verde Minerals announced today the financial results and related management's discussion and analysis for the three and nine months ended September 30, 2012. Review of Q3 2012 Financial Statements: During the three months ended September 30, 2012, Rio Verde invested C$1,652,587 in exploration costs at its three active exploration projects. The Company incurred a net loss and comprehensive loss of C$889,887 [...]
Rio Verde Minerals is pleased to announce that Mr. Eduardo Ledsham has been appointed to the Company's Board of Directors, effective immediately. Mr. Ledsham has over 28 years of experience in mineral exploration project development and in implementation of greenfield projects. Mr. Ledsham joined Vale in 1986, working initially on copper, gold, manganese and nickel exploration and development projects in Carajas [...]
Rio Verde Minerals is pleased to provide the following update on its Fosfatar Phosphate Project located in Para State, Brazil. Promon Engaged as Project Engineer: Rio Verde has appointed Promon Engenharia Ltda. of Sao Paulo, Brazil, to carry out the basic engineering work and the subsequent implementation of its Fosfatar Project. Promon will execute the work out of its office in Rio de Janeiro, Brazil.
Rio Verde Minerals is pleased to announce that, further to its press release on May 25, 2012, it has closed a C$12,775,000 million non-brokered private placement whereby the Company issued 30,416,666 ordinary shares at a price of C$0.42 per share. The offering price represents an 87% premium to the closing price of the Company's ordinary shares traded on the Toronto Stock Exchange on the day preceding the original [...]
Rio Verde Minerals Development announced today that it has completed the second drill hole at its Sergipe Potash Project, located in the Sergipe Basin in northeastern Brazil. The location of the drill hole, SED-002-12, was selected based on reprocessed and reinterpreted 2D seismic data from Petrobras which was completed in 1995 and 2006. The results of the reinterpretation suggested a possible accumulation of salts [...]
Rio Verde Minerals is pleased to announce a non-brokered private placement of up to 35,714,285 shares at a price of C$0.42 per share, for aggregate gross proceeds of up to C$15 million, of which C$11 million has been committed. The offering price represents an 87% premium to yesterday's closing price. The Company plans to use the proceeds from the financing to fund exploration and pre-feasibility studies at its [...]
Rio Verde is pleased to report its financial results and related management discussion and analysis for the three months ended March 31. The documents have been filed on SEDAR at sedar.com. The Company is also pleased to announce that shareholders approved all resolutions put forth at the annual and special meeting of shareholders, held on Friday, May 11, in Rio de Janeiro, Brazil.
-39,13 %