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Rio Verde Minerals Development Corp. (TSE:RVD) announced that its acquisition of Fosfatar Mineracao is now complete.

Rio Verde Minerals Development Corp. (TSX:RVD) announced that its acquisition of Fosfatar Mineracao is now complete.

The press release is quoted as saying:

Pursuant to the purchase agreement, Rio Verde has acquired all of the outstanding shares of Terrero Overseas Ltd., which holds a 100% beneficial interest in Fosfatar. As partial consideration for the acquisition, Rio Verde has issued an aggregate of 14,127,219 ordinary shares to Biscoe Trading Ltd., Colfax Management Inc. and Moriarty Services Inc.

Click here to read the entire news release.

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