Rio Silver Inc. ($RYO) is excited to announce a non-brokered private placement financing aimed at raising gross proceeds of up to $3,000,000 (the “Offering”).
Subject to regulatory approval, the Company plans to issue up to 8,571,429 units (the “Units”) at a price of $0.35 per Unit. Each Unit will comprise one common share of the Company and one-half (1/2) of one common share purchase warrant (each whole warrant referred to as a “Warrant”). Holders of each Warrant will have the right to acquire one additional common share at a price of $0.50 for 24 months following the issuance date, with an accelerated expiry if the Company’s shares trade above $0.75 for fifteen consecutive trading days.
The net proceeds from this Offering are earmarked for advancing the Company’s Maria Norte Project in Peru, along with funding access development, metallurgical programs, and general working capital.
Closing of the Offering is contingent upon receiving all necessary approvals, including from the TSX Venture Exchange. All securities issued will be subject to a statutory hold period in accordance with applicable securities laws, expiring four months and one day from the date of issuance.
Additionally, the Company may pay finders’ fees in connection with this Offering in line with TSX Venture Exchange policies.
The offered securities have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended, or any state securities laws, and cannot be offered or sold in the United States without registration or an applicable exemption. This announcement does not constitute an offer to sell or a solicitation of an offer to buy securities in any jurisdiction.
Rio Silver Inc. ($RYO) is a Canadian resource company focused on developing high-grade, silver-dominant assets in Peru, the world’s second-largest silver producer. The Company is pursuing near-term development opportunities within proven mineral belts and is supported by a skilled technical and operational team with extensive experience in Peruvian geology, underground mining, and district-scale exploration. With a robust development strategy and an expanding portfolio of promising silver assets, Rio Silver is on its way to becoming one of Peru’s next emerging silver producers.
To stay updated on the latest news and project milestones, investors and stakeholders are encouraged to follow Rio Silver on social media. By staying connected through their official channels, investors can track the Company’s progress as it advances its silver-dominant projects.
For more information, you can visit www.riosilverinc.com or reach out directly to Christopher Verrico, President and CEO, at (604) 762-4448 or via email at chris.verrico@riosilverinc.com.
Cautionary Note Regarding Forward-Looking Information
This release contains forward-looking statements under applicable Canadian securities laws, which include anticipated development activities and the Company’s ability to advance towards production. These statements are subject to risks and uncertainties that may cause actual results to differ materially. Readers should not place undue reliance on such statements, and Rio Silver has no obligation to update them except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
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