Rio Silver Announces Results of Annual General Meeting, Amends Purchase Agreement for Maria Norte

Core Points - Rio Silver Inc. received shareholder approval for all matters at the annual general meeting held on June 19, 2025 [2] - The approved resolutions included the election of directors, ratification of the auditor for the year ended December 31, 2024, reapproval of the equity incentive plan, and a share consolidation on a one-new-for-five-old basis [2] - The company amended its purchase agreement for the Maria Norte mining property, eliminating royalty provisions in exchange for a one-time cash payment of US$ 22,500 [3] - The board believes the share consolidation is essential for future corporate development and financing opportunities [3] - The CEO emphasized the company's commitment to sustainability and the potential of the Maria Norte property, which is adjacent to active mine production [3] - Rio Silver is focused on precious and base metal properties in Peru and is also interested in its Ontario Gerow Lake project [5] - The transaction allows the company to pursue planned acquisitions that could lead to near-term cash flow production [5] Company Overview - Rio Silver Inc. is a Canadian exploration and development company with significant insider ownership, primarily focused on opportunities in Peru [5] - The company is optimistic about the supportive mining policies in Peru and the ongoing investment in the region [4]