11:52 AM EST - Rio Verde Minerals Development Corp. : announced today the financial results for the three months ended September 30, 2012. In the quarter, Rio Verde invested $1,652,587 in exploration costs at its three active exploration projects. The Company incurred a net loss and comprehensive loss of $889,887 ($0.01 per share) in the period, comprised of compensation, professional fees, and office and administration expenses. As at September 30, 2012, Rio Verde had working capital of $11,247,350, and total assets of $51,693,963, including $39,440,199 in exploration and evaluation assets. Rio Verde Minerals Development Corp.
shares T.RVD are trading unchanged at $0.27.
