11:55 AM EST - Rio Verde Minerals Development Corp. : announced today the financial results and related management and discussion and analysis for the three months ended June 30, 2012. During the quarter, Rio Verde invested $3,642,126 in its three active exploration projects. In addition, the Company incurred a net loss and comprehensive loss of $1,001,589 ($0.01 per share) from operations, comprised of non-exploration expenses, including legal, audit and accounting fees; stock-based compensation; and office and administration. As at June 30, 2012, Rio Verde had working capital of $13,370,003, and total assets of $52,582,568, including $37,787,612 in exploration and evaluation assets. Rio Verde Minerals Development Corp.
shares T.RV are trading up $0.005 at $0.14.
