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Warrants Alert

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Address: 1440 - 155 University Ave
Toronto ON M5H 3B7
Phone: 416 368 8288
Fax: 416 368 2988
Website: http://www.rnovogold.com/

Warrant Symbol - RN.WT
Number Trading - 1,875,000
Expiration Date - March 8, 2015
Cusip - G75700 12 3
Exercise Price - $2.25

Warrants called to trade news:

Rio Novo Gold to list on TSX March 8

2010-03-04 17:55 MT - New Listing
TSX bulletin 2010-0270
An application has been granted for the original listing in the mining category of up to 112,012,500 ordinary shares of the company of which up to 87 million shares will be issued and outstanding and up to 25,012,500 shares will be reserved for issuance upon completion of an initial public offering. An application has also been granted for the listing of up to 14,375,000 ordinary share purchase warrants, of which up to 12.5 million warrants will be issued and outstanding and up to 1,875,000 warrants will be reserved for issuance.

The ordinary shares and warrants will be sold to the public in the form units at a price of $1.60 per unit. Each unit will consist of one share and one-half of one warrant. Each whole warrant will entitle the holder to acquire one ordinary share at a price of $2.25 at any time prior to 5 p.m. (Toronto time) on the date that is five years from the closing of the prospectus offering. The units will separate immediately upon issuance.

Listing of the shares and warrants will become effective at 5:01 p.m. on Friday, March 5, 2010, in anticipation of the closing of the prospectus offering on Monday, March 8, 2010. The shares and the warrants, other than those which have not been distributed to the public, will be posted for trading at the opening on March 8, 2010.

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