Rahn & Bodmer

June 13, 2005 11:56 ET

Rahn & Bodmer: Acquisition of Additional Shares of Riverstone Resources Inc.

TORONTO, ONTARIO--(CCNMatthews - June 13, 2005) - Rahn & Bodmer of Zurich, Switzerland reports that it has subscribed for 640,000 units (the "Units") of Riverstone Resources Inc. (the "Company") in connection with the recently completed private placement of the Company. Each Unit is comprised of one common share of the Company and one-half of one transferable common share purchase warrant, each whole warrant exercisable into one additional common share of the Company at a price of $0.36 per share until June 9, 2006. As a result of the subscription for the Units, Rahn & Bodmer now holds 1,360,000 common shares and 320,000 warrants, which together on a diluted basis represent 10.6% of the issued and outstanding common shares of the Company.

Rahn & Bodmer effected the transaction for investment purposes. Rahn & Bodmer may, depending on market and other conditions, increase or decrease its beneficial ownership, control or direction over the common shares of the Company, through market transactions, private agreements, treasury issuances, exercise of convertible securities or otherwise.

A copy of the report filed pursuant to the above-captioned provisions may be obtained by contacting: Rahn & Bodmer, Talstrasse 15, Postfach, P.O. Box 2722, CH-8022, Zurich, Switzerland, Attention: Fabio Feller (+41 44 639 11 11).

The information herein has not been approved or disapproved by regulatory authorities.

Contact Information

  • Rahn & Bodmer
    Fabio Feller
    +41 44 639 11 11