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Riverstone Resources Inc (RVREF/RVREF.PK) Wrap Up:

Riverstone Resources, Inc. engages in the exploration and development of gold properties in Canada and West Africa. It holds interests in 17 mineral permits covering 3,500 square kilo metres in Burkina Faso, West Africa. The company is headquartered in Vancouver, Canada.
www.riverstoneresources.com

Riverstone Resources Inc (RVREF:OTC)

Market Cap
9.3M
Total Revenue
--
EBITDA
1.1M
DILUTED EPS TTM
-0.05
P/E
--
P/S
--
Return On Asset
-12.81
Return On Equity
-22.59
K = Thousands  M = Millions  B = Billions

RVREF Top Compensated Officers

Mr. Michael McInnis P. Eng.
Chief Executive Officer, President, Director ...
Age: 62
Total Annual Compensation: --
Mr. Kerry Spong
Chief Financial Officer
Total Annual Compensation: --

Executives, Board Directors

Compensation as of Fiscal Year 2008.

Key developments for Riverstone Resources Inc (RVREF)

Riverstone Announces New Gold Zone at Karma

Riverstone Resources Inc. announced results from the first twenty three Rotary Air Blast (RAB) drill holes completed on the Company’s Karma gold project in Burkina Faso, West Africa. The holes were drilled in the immediate area of the GG1 deposit, one of four deposits that comprise the Karma project, to test several gold-in-soil geochemical anomalies with the objective of locating new mineralized areas. Eleven of the twenty-three holes returned anomalous values in gold ranging from 269 ppb to 1.44 g/t over widths ranging from 3.0 metres to 51.0 metres. A number of the anomalous holes require additional offset drilling to determine if there is any continuity of the mineralization. However, six of the holes have established a new 700 metre long zone that is still open to the west. The six holes were drilled to test a gold-in-soil anomaly that is parallel to and south of the known GG1 mineralization and could represent a new area of mineralization. The ongoing drill program at Karma comprises up to 6,000 metres of drilling, divided roughly equally between reverse circulation drilling (RC) and rotary air blast drilling (RAB). The planned RAB drilling has been completed; 60 RAB holes totaling 2,857 metres were drilled in the area of the Goulagou (GG1 & GG2) deposits and 15 holes totaling 751 metres were drilled near the Rambo deposit. RC drilling has commenced on the Kao Permit.

Riverstone Resources Inc. Commences Drilling on Karma Gold Project

Riverstone Resources Inc. announced that it has commenced a drill program on its Karma project in Burkina Faso, West Africa. The program will comprise approximately 6,000 metres of drilling, divided roughly equally between reverse circulation ('RC') and rotary air blast ('RAB') drilling. The Karma project has four separate gold deposits supporting a NI 43-101 resource estimate of 820,500 ounces of gold in the indicated category and 320,300 ounces in the inferred category. The objectives of the up-coming program are to test for extensions beyond the known mineralized zones and to collect samples for metallurgical testwork purposes. It is expected that the program will take approximately seven weeks to complete.

Riverstone Resources Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended July 31, 2009

Riverstone Resources Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended July 31, 2009. For the quarter, the company reported loss before income taxes and loss and comprehensive loss of CAD 244,037 or CAD 0.00 basic and diluted per share compared to loss before income taxes and loss and comprehensive loss of CAD 306,968 or CAD 0.01 basic and diluted per share for the same period last year. The company reported net cash used in operating activities of CAD 252,317, investment in resource property costs of CAD 364,336 and investment in equipment of CAD 811,000 compared to net cash used in operating activities of CAD 396,095, investment in resource property costs of CAD 1,529,367 for the same period last year. For the nine months, the company reported loss before income taxes and loss and comprehensive loss of CAD 2,402,652 or CAD 0.05 basic and diluted per share compared to loss before income taxes of CAD 977,907 and loss and comprehensive loss of CAD 839,619 or CAD 0.02 basic and diluted per share for the same period last year. The company reported net cash used in operating activities of CAD 379,629, investment in resource property costs of CAD 517,994 and investment in equipment of CAD 1,811 compared to net cash used in operating activities of CAD 643,735, investment in resource property costs of CAD 3,054,690 and investment in equipment of CAD 10,424 for the same period last year.

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Industry Analysis

Valuation RVREF Industry Range
Price/Earnings NM Not Meaningful
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Price/Book 1.1x
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RVREF

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RVREF transactions

Type
Date
Target
Private Placement
June 2, 2009
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