RIA RESOURCES ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
March 03 2011 - 4:48PM
PR Newswire (Canada)
CALGARY, March 3 /CNW/ -- CALGARY, March 3 /CNW/ - Ria Resources
Corp. ("RIA" or the "Corporation") announces that on March 3, 2011
it completed the closing of a non-brokered private placement.
The closing placed 1,000,000 common shares (the "Common Shares") at
a price of $0.10 per Common Share for gross proceeds of $100,000
(the "Closing"). The Common Shares are subject to a four
month hold period. 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. 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. Ria is a company listed and
trading on the TSX Venture Exchange, symbol: RIA. 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/March2011/03/c7898.html
pGlenn Hamiltonbr/ Chief Financial Officerbr/ Ria Resources
Corp.br/ Telephone No. (403) 510-0844/p
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