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

Riverstone Resources Inc.

April 04, 2012 20:31 ET

Riverstone Resources Files Early Warning Report

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 4, 2012) - Riverstone Resources Inc. (TSX VENTURE:RVS)(FRANKFURT:3RV)(OTCQX:RVREF) ("Riverstone") advises, pursuant to the early warning requirements of securities laws, that it has disposed of 4,500,000 common shares in the capital of Roxgold Inc. ("Roxgold"). Prior to the transaction, Riverstone had beneficial ownership of 16,000,000 common shares of Roxgold representing approximately 13.2% of Roxgold's issued and outstanding common shares, calculated on a non-diluted basis assuming that no outstanding convertible securities of Roxgold were exercised.

After giving effect to the disposition of the shares, Riverstone has beneficial ownership of 11,500,000 common shares of Roxgold, representing approximately 9.5% of Roxgold's issued and outstanding common shares, calculated on a non-diluted basis assuming that no outstanding convertible securities of Roxgold were exercised.

Riverstone does not presently intend to make further investments in Roxgold, but it may decide to increase or decrease its shareholdings of Roxgold in the future.

A copy of the Early Warning Report being filed with the applicable securities regulators regarding the transaction will be available on SEDAR (www.sedar.com) and may be obtained by contacting Riverstone as follows:

Riverstone Resources Inc.
1125 - 595 Howe Street
Vancouver, BC V6C 2T5
Telephone: 604-801-5020
Attention: President and CEO

ON BEHALF OF THE BOARD

Dwayne Melrose, President and COO

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
    Dwayne Melrose
    President
    604-801-5020

    Riverstone Resources Inc.
    Don Mosher
    Corporate Development
    604-685-6465

    Riverstone Resources Inc.
    Raju Wani
    Investor Relations
    403-240-0555

    Riverstone Resources Inc.
    Ron Cooper
    Investor Relations
    604-986-0112
    info@riverstoneresources.com
    www.riverstoneresources.com