Rio Alto Mining Limited: J.P. Morgan Asset Mangement (UK) Ltd. Placement, Management Realignment and Exercise of Warrants

Rio Alto Mining Limited (TSX VENTURE:RIO)(OTCQX:RIOAF)(PINK SHEETS:RIOAF)(BVLAC:RIO)(DB Frankfurt:MS2)reported that the company has closed a private placement of common shares with JP Morgan Asset Management (U.K.) Ltd. for gross proceeds of $7,752,000.

The news is quoted saying:

The objective of J.P. Morgan Asset Management (UK) Ltd. is to provide a portfolio primarily of shares in companies throughout the world engaged in the production and marketing of commodities.

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