11:54 AM EST - Rio Verde Minerals Development Corp. : reported its financial results and related management discussion and analysis for the three months ended March 31. During the three months ended March 31, 2012, Rio Verde incurred a net loss and comprehensive loss of $1,561,214 ($0.02 per share). Among the factors that contributed to the net loss in this period were $1,289,903 in exploration expenses, and $271,311 in non-exploration expenses, including legal, audit and accounting fees, stock-based compensation, and office and administration. As at March 31, 2012, Rio Verde had working capital of $6,130,758, and total assets of $40,399,327, including $34,145,486 in exploration and evaluation assets. Rio Verde Minerals Development Corp.
shares T.RVD are trading up $0.005 at $0.25.
