09:54 AM EST - Rio Verde Minerals Development : said it has agreed to be acquired by Brazilian mining company B&A Mineração S.A.. Rio Verde Minerals shareholders will receive 40 cents per share in cash for each share held, or a total consideration of approximately $48.6 million. Rio Verde added that it has a lock-up agreement representing approximately 25% of its outstanding shares to vote in favour of the transaction. The deal is subject to a $2 million breakup fee and is expected to close in February 2013. Rio Verde Minerals Development
shares T.RVD are trading up $0.035 at $0.39.
