Riverstone Announces Change in Financial Year-End
December 12 2012 - 7:00AM
Marketwired
Riverstone Resources Inc. (TSX
VENTURE:RVS)(OTCQX:RVREF)(FRANKFURT:3RV) ("Riverstone" or the
"Company") announces that effective in 2012 it has changed its
financial year-end from October 31 to December 31 in order to align
the Company's year-end with that of its various subsidiaries, which
operate on a calendar fiscal year-end. On December 11, 2012 the
Company filed an interim financial report for its transition year
for the period ended October 31, 2012 and will file annual
financial statements for the year ended December 31, 2012 on or
before April 30, 2013.
In accordance with National Instrument 51-102 Continuous
Disclosure Obligations the Company also filed a Notice of Change of
Financial Year-End, which can be found under the Company's profile
at www.sedar.com.
About Riverstone
Riverstone is active in Burkina Faso, West Africa, where it
holds a portfolio of four high quality exploration projects
covering in excess of 2,000 km. Riverstone's flagship project is
the Karma Gold Project in Burkina Faso, West Africa (the "Karma
Project"), which comprises a NI 43-101 compliant in-pit Whittle
total indicated resources of approximately 1.9 million ounces of
gold in 56.5 million tonnes with an average grade of 1.07 g/t gold
and total inferred resources of approximately 492 thousand ounces
of gold in 15.4 million tonnes with an average grade of 1.0 g/t
gold (see Riverstone's news release dated October 3, 2012 and
independent NI 43-101 compliant Technical Report titled, "Technical
Report and Updated Resource Estimate on the Karma Project, Burkina
Faso, West Africa", dated effective October 1, 2012, filed on SEDAR
(www.sedar.com) November 7, 2012).
Paul Anderson, M.Sc., P. Geo., the Company's Vice-President,
Exploration, is the Company's Qualified Person for the purposes of
National Instrument 43-101 and has reviewed and approved the
technical contents of this release.
Additional information about Riverstone and its activities may
be found on Riverstone's website at www.riverstoneresources.com and
under Riverstone's profile at www.sedar.com.
ON BEHALF OF THE BOARD
Ryan E. Torvik, Chief Financial Officer
Certain statements made and information contained in this news
release and elsewhere constitutes "forward-looking information"
within the meaning of Canadian securities legislation. Such
forward-looking statements are based on certain assumptions and are
subject to risks and uncertainties which could cause actual events
or results to differ from those reflected in the forward-looking
statements, including, without limitation, with respect to
statements regarding the updated resources estimate, the
assumptions set forth in this news release and in the Company's
news release of October 3, 2012 and risks and uncertainties
relating to the interpretation of drill results and the estimation
of mineral resources, the geology, grade and continuity of mineral
deposits, the possibility that future exploration, development
results will not be consistent with the Company's expectations,
accidents, equipment breakdowns, risk of undiscovered, title
defects and surface access, labour disputes, the potential for
delays in exploration and permitting activities, the potential for
unexpected costs and expenses, commodity price fluctuations,
currency fluctuations, political risk and other risks and
uncertainties, including those described under Risk Factors in each
management discussion and analysis and in the Company's annual
information form which are available under the Company's profile at
www.sedar.com. Forward-looking information is based on various
assumptions including, without limitation, the expectations and
beliefs of management, the assumed long term price of gold, that
the Company will receive required permits and access to surface
rights, that the Company can access financing, appropriate
equipment and sufficient labour and that the political environment
within Burkina Faso will continue to support the development of
environmentally safe mining projects. Should one or more of these
risks and uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially
from those described in forward-looking statements. Accordingly,
readers are advised not to place undue reliance on forward-looking
statements.
This news release may use the terms "measured", "indicated" and
"inferred" as these terms are defined under Canada's National
Instrument 43-101. U.S. Investors are advised that, while such
terms are recognized and required by Canadian regulations, they are
not recognized by the United States Securities and Exchange
Commission ("SEC") and may not be comparable to similar information
for United States mining or exploration companies. As such, certain
information contained on this news release concerning descriptions
of mineralization and resources under Canadian standards is not
comparable to similar information made public by United States
companies subject to the reporting and disclosure requirements of
the SEC. U.S. investors are cautioned not to assume that any part
or all of the mineral deposits described in these categories will
ever be converted into proven or probable reserves, as defined in
the SEC's Industry Guide No. 7.
Neither 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.
Contacts: Riverstone Resources Inc. - Vancouver Office Ryan E.
Torvik Chief Financial Officer 604-801-5020 Riverstone Resources
Inc. Don Mosher Corporate Development 604-685-6465 Riverstone
Resources Inc. Raju Wani Investor Relations 403-240-0555 Riverstone
Resources Inc. Ron Cooper Investor Relations
604-986-0112info@riverstoneresources.com
www.riverstoneresources.com