VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 2, 2014) - Rio Cristal Resources Corporation (TSX VENTURE:RCZ)(BVL:RCZ) ("Rio Cristal" or the "Company") today announced a correction to its press release disseminated on Friday, August 29, 2014 (the "August 29 Press Release") regarding Rio Cristal's intention to complete a consolidation of its common shares. The August 29 Press Release incorrectly stated that Rio Cristal intended to complete a consolidation of its common shares on the basis of (1) post-consolidation common share for every six (6) pre-consolidation common shares. The Company instead intends to complete a consolidation (the "Consolidation") of its common shares on the basis of (1) post-Consolidation common share for every ten (10) pre-Consolidation common shares.
Following the Consolidation, the Company will have approximately 1,725,916 Common Shares outstanding. The Company's outstanding options and warrants will be adjusted on the same basis (10:1), with proportionate adjustments being made to exercise prices.
The Consolidation remains subject to TSX Venture Exchange (the "TSXV") approval.
All other information in the August 29 Press Release Remains unchanged.
About Rio Cristal Resources Corporation
Rio Cristal Resources Corporation is a Canadian company focused on exploration projects in Peru. The Company's shares are listed on the TSX Venture Exchange under the symbol RCZ. For further information for investors, please contact the Company via email at firstname.lastname@example.org.
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.
This release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "intends", "will" or variations of such words and phrases. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties. Examples of forward-looking information in this news release include, but are not limited to, statements with respect to TSXV approval of the Consolidation. For additional information on risks and uncertainties, see the Company's MD&A for the year ended March 31, 2014, which is available on SEDAR at www.sedar.com. The risk factors identified in the Company's annual MD&A are not intended to represent a complete list of factors that could affect the Company. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not assume any obligation to update the forward-looking information contained in this press release.