steelbluiis Who has committed the C$11 million ?
Toronto, Ontario, May 25, 2012 - Rio Verde Minerals Development Corp. (TSX:RVD) ("Rio Verde" or the "Company") is pleased to announce a non-brokered private placement of up to 35,714,285 shares at a price of C
.42 per share, for aggregate gross proceeds of up to C$15 million, of which C$11 million has been committed.