Richview Resources Inc.

Richview Resources Inc.

July 28, 2005 10:52 ET

Richview Resources Inc.: Press Release

TORONTO, ONTARIO--(CCNMatthews - July 28, 2005) - Richview Resources Inc. ("Richview") announced today the appointment of Douglas Scharf as the company's Chief Financial Officer.

Mr. Scharf has over 25 years of experience in the international base metals mining and smelting and precious metals sectors. He has been involved in a number of acquisitions, mergers, financings and development projects. As Executive Vice-President of HudBay Minerals Inc., he played a significant role in the acquisition and financing in 2004 of Hudson Bay Mining and Smelting Co., Limited. As the Chief Financial Officer of the Dome Mines Group of Companies, he was instrumental in the formation of Placer Dome Inc. Mr. Scharf was the Vice President, Finance of Placer Dome Inc. and also a Director and the Chief Financial Officer of Inmet Mining Corporation. He has also served as a director and advisor to a number of mining companies. Mr. Scharf is a Chartered Accountant and has a B.A. (Economics) from York University in Toronto, Ontario.

Richview also announced today the completion of a private placement of common shares. The company issued 47,500 common shares at an issue price of $0.75 per share for gross proceeds of $35,625.

Richview is a mineral exploration company focused on the acquisition, exploration and development of mineral resources, primarily gold and base metals. The company currently holds several mining interests including a 51% beneficial interest, with an option to acquire an additional 24% interest, in the Thierry Mine located in the Pickle Lake area of northern Ontario, located north of Thunder Bay.

Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe Richview's future plans, objectives or goals, including words to the effect that Richview or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.

Contact Information

  • Richview Resources Inc.
    Paul Vorvis
    C.E.O.
    (416) 703-5435