TORONTO, ONTARIO — (Marketwire) — 12/03/12 — Rio Verde Minerals Development Corp. (TSX: RVD) ("Rio Verde" or the "Company") announced today that it has received a non-binding proposal to acquire the Company from B&A Mineracao S.A. ("B&A") and that it is in negotiations with B&A regarding the potential acquisition of the Company.Rio Verde has formed a special committee and has engaged financial and legal advisors to provide support with the process.R
