11:50 AM EST - Rio Novo Gold Inc. : announced that it has completed the acquisition and assumed operational control of 100% of the Toldafria Gold Project, located in central Colombia. The acquisition, at an initial purchase price of about $10 U.S. per ounce, immediately doubles Rio Novo's existing resource base to approximately 1.8 million ounces, and provides geographic diversification into one of the most important and underexplored gold jurisdictions in the world. Rio Novo Gold Inc.
shares T.RN are trading up $0.03 at $1.46.
