CALGARY, Feb. 25 /CNW/ - Ria Resources Corp. ("RIA" or the
"Corporation") is pleased to announce a non-brokered private placement
for aggregate proceeds of up to $100,000.00 comprised of common shares
("Common Shares") at a price of $0.10 per share (the "Offering").
The proceeds of the Offering will be used for corporate overhead and
working capital to fund the continued work program on the properties
held by RIA.
The Offering is subject to the receipt of all necessary regulatory
approvals. The Common Shares will be offered in Alberta by way of a
private placement. The securities issued pursuant to the Offering will
be subject to a four (4) month hold period in Canada from the date of
the closing of the Offering. The Offering is expected to close on or
about March 4, 2011.
RIA is a company listed and trading on the TSX Venture Exchange, symbol:
This news release does not constitute an offer to sell or a solicitation
of an offer to buy any of the securities in the United States. The
offered securities mentioned in this news release will not be
registered under the United States Securities Act of 1933, as amended
(the "U.S. Securities Act") and may not be offered or sold within the
United States or to, or for the account or benefit of U.S. persons
except in certain transactions exempt from the registration
requirements of the U.S. Securities Act.
This news release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities in any jurisdiction.
Forward Looking Statements
This press release contains forward looking statements. More
particularly, this press release contains statements concerning the
anticipated use of the proceeds of the Offering. Although RIA believes
that the expectations reflected in these forward looking statements are
reasonable, undue reliance should not be placed on them because RIA can
give no assurance that they will prove to be correct. Since forward
looking statements address future events and conditions, by their very
nature they involve inherent risks and uncertainties. The intended use
of the proceeds of the Offering by RIA might change if the board of
directors of RIA determines that it would be in the best interests of
RIA to deploy the proceeds for some other purpose. The forward looking
statements contained in this press release are made as of the date
hereof and RIA undertakes no obligations to update publicly or revise
any forward looking statements or information, whether as a result of
new information, future events or otherwise, unless so required by
applicable securities laws.
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