News Release
Rio Grande Mining Corp. To Trade On TSX Venture Exchange
RIO GRANDE MINING CORP. ("RGV")
BULLETIN TYPE: New Listing-IPO-Shares
BULLETIN DATE: March 12, 2010
TSX Venture Tier 2 Company
The Company's Initial Public Offering ('IPO') Prospectus dated January 26, 2010, has been filed with and accepted by TSX Venture Exchange, and filed with and receipted by the British Columbia and Alberta Securities Commissions on January 28, 2010, pursuant to the provisions of the applicable Securities Acts.
The gross proceeds received by the Company for the Offering were $860,000 (4,300,000 common shares at $0.20 per share). The Company is classified as a 'Mineral Exploration' company.
Commence Date: At the opening Monday, March 15, 2010, the Common shares will commence trading on TSX Venture Exchange.
Corporate Jurisdiction: British Columbia
Capitalization: Unlimited common shares with no par value of which 8,018,000 common shares are issued and outstanding.
Escrowed Shares: 3,100,000 common shares are subject to 36 month staged release escrow.
Transfer Agent: Equity Transfer & Trust Company
Trading Symbol: RGV
CUSIP Number: 767103 10 4
Agent: Canaccord Financial Ltd.
Agent's Warrants: 344,000 non-transferable share purchase warrants. One warrant to purchase one share at $0.20 per share for a two year period.
For further information, please refer to the Company's Prospectus dated January 26, 2010.
Company Contact: Jerry A. Minni
Company Address: 200 - 551 Howe Street, Vancouver, BC V6C 2C2
Company Phone Number: (604) 683-8610
Company Fax Number: (604) 683-4499
Company Email Address: jminni@mcorpgroup.com
