NICOSIA, Cyprus, Sept. 21, 2012 /CNW/ - Coralbrook Ltd. ("Coralbrook"),
Themistokli Dervi 3, Julia House, PC1066, Nicosia, Cyprus, announced
today that it has acquired 4,907,509 ordinary shares of Rio Novo Gold
Inc. ("Rio Novo") or approximately 4.33% of Rio Novo's issued and
outstanding ordinary shares. After giving effect to the acquisition,
Coralbrook owns or has control or direction over an aggregate of
56,469,384 ordinary shares of Rio Novo, representing approximately
49.88% of Rio Novo's issued and outstanding ordinary shares. The
acquisition was a private transaction for a cash purchase price of Cdn.
$0.2425 per share.
The ordinary shares were acquired for investment purposes and Coralbrook
may in the future increase or decrease its investment in Rio Novo
depending on market conditions and other relevant factors.
An early warning report (the "EWR") will be filed on SEDAR and will be
available for review at www.sedar.com under Rio Novo's profile. A copy
of the EWR can also be obtained from the contact below.
SOURCE: Coralbrook Ltd.
For further information:
Marco Antonio Moherdaui - Director
Tel: +55 11 3087 7577