Rio Verde Reports AGM and First Quarter Financial Results

Rio Verde Minerals Development Corp. (TSX:RVD) announced quarterly results along with its management discussion and analysis.

As quoted in the press release:

During the three months ended March 31, 2012, Rio Verde incurred a net loss and comprehensive loss of CDN$1,561,214 (CDN$0.02 per share). Among the factors that contributed to the net loss in this period were CDN$1,289,903 in exploration expenses, and CDN$271,311 in non-exploration expenses, including legal, audit and accounting fees, stock-based compensation, and office and administration.

Click here for the Rio Verde Minerals Development Corp. (TSX:RVD) press release.