Riverstone Resources Inc.
TSX VENTURE : RVS

Riverstone Resources Inc.

July 09, 2007 18:52 ET

Riverstone Grants Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 9, 2007) - Riverstone Resources Inc. (the "Company") (TSX VENTURE:RVS) announces that a total of 1,255,000 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 $0.28 per share and are subject to regulatory approval. The options will bear a four-month hold period 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 fifteen separate permits and close to 3,000 square kilometres in seven 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., CEO & President

The TSX Venture Exchange does not accept responsibility for the adequacy or the accuracy of this release.

Contact Information

  • Riverstone Resources Inc.
    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
    Email: info@riverstoneresources.com
    Website: www.riverstoneresources.com