RIA RESOURCES CORP. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
February 25 2011 - 11:23AM
PR Newswire (Canada)
CALGARY, Feb. 25 /CNW/ -- CALGARY, Feb. 25 /CNW/ - Ria Resources
Corp. ("RIA" or the "Corporation") is pleased to announce a
non-brokered private placement for aggregate proceeds of up to
$100,000.00 comprised of common shares ("Common Shares") at a price
of $0.10 per share (the "Offering"). The proceeds of the Offering
will be used for corporate overhead and working capital to fund the
continued work program on the properties held by RIA. The Offering
is subject to the receipt of all necessary regulatory approvals.
The Common Shares will be offered in Alberta by way of a private
placement. The securities issued pursuant to the Offering will be
subject to a four (4) month hold period in Canada from the date of
the closing of the Offering. The Offering is expected to close on
or about March 4, 2011. RIA is a company listed and trading on the
TSX Venture Exchange, symbol: RIA. This news release does not
constitute an offer to sell or a solicitation of an offer to buy
any of the securities in the United States. The offered securities
mentioned in this news release will not be registered under the
United States Securities Act of 1933, as amended (the "U.S.
Securities Act") and may not be offered or sold within the United
States or to, or for the account or benefit of U.S. persons except
in certain transactions exempt from the registration requirements
of the U.S. Securities Act. This news release shall not constitute
an offer to sell or the solicitation of an offer to buy any
securities in any jurisdiction. Forward Looking Statements This
press release contains forward looking statements. More
particularly, this press release contains statements concerning the
anticipated use of the proceeds of the Offering. Although RIA
believes that the expectations reflected in these forward looking
statements are reasonable, undue reliance should not be placed on
them because RIA can give no assurance that they will prove to be
correct. Since forward looking statements address future events and
conditions, by their very nature they involve inherent risks and
uncertainties. The intended use of the proceeds of the Offering by
RIA might change if the board of directors of RIA determines that
it would be in the best interests of RIA to deploy the proceeds for
some other purpose. The forward looking statements contained in
this press release are made as of the date hereof and RIA
undertakes no obligations to update publicly or revise any forward
looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by
applicable securities laws. Neither the 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. To view this news release
in HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/February2011/25/c6166.html
pGlenn Hamiltonbr/ Chief Financial Officerbr/ Ria Resources
Corp.br/ Telephone No. (403) 510-0844/p
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