VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 04/04/12 -- Riverstone Resources Inc. (TSX VENTURE: RVS)(FRANKFURT: 3RV)(OTCQX: RVREF) ("Riverstone") advises, pursuant to the early warning requirements of securities laws, that it has disposed of 4,500,000 common shares in the capital of Roxgold Inc. ("Roxgold"). Prior to the transaction, Riverstone had beneficial ownership of 16,000,000 common shares of Roxgold representing approximately 13.2% 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 11,500,000 common shares of Roxgold, representing approximately 9.5% 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.
A copy of the Early Warning Report being filed with the applicable securities regulators regarding the transaction will be available on SEDAR (www.sedar.com) and may be obtained by contacting Riverstone as follows:
Riverstone Resources Inc. 1125 - 595 Howe Street Vancouver, BC V6C 2T5 Telephone: 604-801-5020 Attention: President and CEO
ON BEHALF OF THE BOARD
Dwayne Melrose, President and COO
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.
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