VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/24/12 -- Riverstone Resources Inc. (TSX VENTURE:RVS)(OTCQX:RVREF)(FRANKFURT:3RV) ("Riverstone") advises, pursuant to the early warning requirements of securities laws, that it has disposed of 980,000 common shares in the capital of Roxgold Inc. ("Roxgold"). Prior to the transaction, Riverstone had beneficial ownership of 16,980,000 common shares of Roxgold representing approximately 16.6% 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 16,000,000 common shares of Roxgold, representing approximately 15.7% 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.