NICOSIA, CYPRUS--(Marketwired - Aug. 17, 2016) - Cyprus River Holdings Ltd. ("Cyprus River") announces that it has completed the sale of an aggregate of 94,650,914 ordinary shares ("Rio Novo Shares") of Rio Novo Gold Inc. ("Rio Novo") to Northwestern Enterprises Ltd. The 94,650,914 Rio Novo Shares (the "Sale Shares") were sold in a private transaction at a price of $0.092 per share pursuant to the previously announced purchase agreement entered into between the parties.