Rivington Street Ventures has a 1% stake in Flatlands Limestone Limited ( a Canadian company owning 20 claims on an 800 acre site in New Brunswick Canada) but can increase its stake to 50.5% by spending C$200,000 (circa £125,000) on drilling to define the resource to Provincial standards and in bringing the quarry to a state of production readiness – a process which is expected to be completed by the end of calendar 2011.

The inferred resource at Flatlands is 1-3 million tonnes of limestone but that is a result of drilling less than 20% of the acreage. Flatlands has used as its independent expert the firm of Conestoga Rovers. The project is situated 15 kilometres west of the City of Campbellton and is less than 10 kilometres from rail links, which can transport limestone to two power stations within 50 kilometres and provide access to the US Eastern seaboard. There is also a deep water port with loading facilities at Campbellton. Subject to the securing of environmental and other permits and weather permitting, Flatlands aims to be in production by Q1 2012 and at that stage Flatlands will be recruiting a site manager while contracting out the quarrying.

RSV also has an option to buy out the Flatlands minority shareholders on a pro rata basis once production commences according to the schedule:

· 12.25% of the outstanding Flatlands equity, for 3.9 times free cash flow on that 12.25% generated during the first 12 months after first output;

· A further 12.25% of the outstanding Flatlands equity, for 3.9 times free cash flow on that 12.25% generated during the second 12 months after first output;

· A further 12.25% of the outstanding Flatlands equity, for 3.9 times free cash flow on that 12.25% generated during the third 12 months after first output; and

· The final 12.25% of the outstanding Flatlands equity, for 3.9 times free cash flow on that final 12.25% generated during the fourth 12 months after first output.

RSH believes that in the first full year of production Flatlands could generate free cashflow of, up to, C$400,000 rising to, up to, C$800,000 annually thereafter, which is based on output of 118,000 tonnes per annum. However Flatlands must first define a commercial resource and secure environmental permits. Once that process is complete the company can finalise negotiations on offtake agreements with major power stations for its product.