Talon Metals Announces Closing Of Acquistion Of Rio Verde Minerals By B&A MineraÇão S.A.
March 14, 2013
Road Town, Tortola, British Virgin Islands (March 14, 2013) - Talon Metals Corp. (“Talon” or the “Company”) (TSX: TLO) is pleased to announce to its shareholders that Rio Verde Minerals Development Corp.'s (“Rio Verde”) (TSX: RVD) previously announced acquisition by a wholly-owned subsidiary of B&A MineraÇão S.A. for C$0.40 per share of Rio Verde has closed.
“Talon is pleased to have been able to create in excess of five times value for its shareholders through the distribution of Rio Verde shares to its shareholders”, said Sean Werger, President of Talon. “We are always looking for ways to create additional value for our shareholders, and anticipate that our current holdings in companies such as Tlou Energy Limited and Brazilian Gold Corporation will also result in value creation for the Company in the near future.”
For further information, please refer to Rio Verde's news release issued yesterday entitled “Acquisition of Rio Verde by B&A MineraÇão Completed” and its news release dated March 6, 2013 entitled “Rio Verde Shareholders Approve Merger with Wholly-Owned Subsidiary of B&A MineraÇão S.A.”, both of which are available at www.rvminerals.com and on SEDAR at www.sedar.com.
Talon is a TSX-listed company focused on the exploration and development of its iron projects in Brazil. The Company has a well-qualified exploration and mine management team with extensive experience in project management.
Talon has approximately 92 million common shares outstanding and approximately 105 million shares on a fully diluted basis.
For additional information on Talon please visit the Company's website at www.talonmetals.com or contact: