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Roxgold Inc. T.ROXG

Roxgold Inc is a Canadian gold mining company. It is engaged in acquiring and exploring mineral properties. The company has two reportable segments; Mining operations and Exploration and evaluation of mineral properties, located in Burkina Faso. Its key asset is the Yaramoko Gold Mine, located in the Hounde greenstone belt of Burkina Faso, West Africa, and Seguela Gold Project located in Cote d'Ivoire, West Africa. The company's primary income is derived from the sale of gold.


TSX:ROXG - Post by User

Bullboard Posts
Post by figtraderon Jan 23, 2012 9:02pm
274 Views
Post# 19439543

Riverstone sells shares at peaking price

Riverstone sells shares at peaking price

Riverstone Resources Files Early Warning Report

Riverstone Resources Inc. RVS
1/23/2012 8:37:21 PM
Riverstone Resources Files Early Warning Report

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.

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