CALGARY, Sept. 13, 2011 /CNW/ - RIA Resources Corp. ("RIA" or the
"Corporation") is pleased to announce that it has appointed Neil
Wilson, P.Eng as Chief Executive Officer and Director of the Company.
Mr. Wilson has over 17 years of experience in the Canadian oil & gas
industry including Reservoir, Exploitation and Production Engineering,
and Acquisitions and Divestitures. Formerly VP Engineering with Power
Play Resources and Cordero Energy; Senior Engineer with Resolute
Energy, Canadian Natural Resources Ltd, Rio Alto Exploration, Cabre
Exploration, and PanCanadian Petroleum. Mr. Wilson holds a Bachelor of
Science in Geological Engineering.
The Corporation also announces the resignation of John R. MacMillan, as
Interim President and Chief Executive Officer of RIA, effective
September 6, 2011. Mr. MacMillan will continue as a director of the
Corporation. Mr. MacMillan is pursuing other opportunities, and the
board of directors would like to thank him for his efforts over the
course of his engagement with the Corporation.
In conjunction with Mr. Wilson's appointment, the Corporation granted
him 100,000 stock options. The options granted have an exercise price
of $0.12, and shall vest: (i) 1/3 within 3 months of the date of grant;
(ii) 1/3 within 12 months of the date of grant; and (iii) 1/3 within 18
months of the date of grant. The options granted will have a five year
term to expiry.
RIA is a company listed and trading on the TSX Venture Exchange, symbol:
Neither the 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.
SOURCE Ria Resources Corp.
For further information:
Chief Financial Officer
RIA Resources Corp.
Telephone No. (403) 510-0844