Riverstone Resources Inc.
TSX VENTURE : RVS
FRANKFURT : 3RV

Riverstone Resources Inc.

September 09, 2009 15:04 ET

Riverstone Resources Inc.: News Release

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 9, 2009) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

Riverstone Resources Inc. (TSX VENTURE:RVS)(FRANKFURT:3RV) ("Riverstone" or the "Company") is pleased to announce that, subject to regulatory approval, the Company has agreed to issue a total of 404,930 shares at the price of $0.19 per share in satisfaction of debts owing to various creditors in the approximate amount of $76,936. The shares will be subject to resale restrictions under applicable securities legislation and the policies of the TSX Venture Exchange. The proposed debt settlement will enable the Company to preserve working capital and continue to advance exploration programs on its projects.

Riverstone Resources also announces that a total of 2,460,000 incentive stock options have been granted under the Company's Stock Option Plan to directors, officers, employees and consultants of the Company as defined by TSX Venture Exchange Policy 4.4. The options are exercisable for a five-year period at a price of $0.25 per share and are subject to vesting provisions over an eighteen-month period, in accordance with the terms of the Plan.

Riverstone Resources is a leading landholder in Burkina Faso, controlling thirteen separate permits and close to 2,300 square kilometres in six different project areas. For further information about the Company and its activities in Burkina Faso, please refer to the Company's website at www.riverstoneresources.com and on 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.

Contact Information

  • Riverstone Resources Inc. - Vancouver Office
    Michael D. McInnis
    President
    604-801-5020
    604-801-6075 (FAX)
    or
    Riverstone Resources Inc.
    Raju Wani
    Investor Relations
    403-240-0555
    or
    Riverstone Resources Inc.
    Ron Cooper
    Investor Relations
    604-986-0112
    info@riverstoneresources.com
    www.riverstoneresources.com