Mr. Stephen Keith reports
RIO VERDE MINERALS ISSUES STATEMENT
Rio Verde Minerals Development Corp. has received a non-binding proposal to acquire the company from B&A Mineracao SA, and it is in negotiations with B&A regarding the potential acquisition of the company.
Rio Verde has formed a special committee, and has engaged financial and legal advisers to provide support with the process.
Rio Verde cautions that there can be no assurances that an agreement will result or that a transaction will occur, and that, if one does occur, there can be no assurances at what price it will be completed. The company does not intend to comment further upon any potential corporate transaction unless a definitive agreement is reached with any third party or unless otherwise required by law.
We seek Safe Harbor.
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