Royal Road and Rio2 Announce Share Acquistion by Rio2

Core Viewpoint - Rio2 Limited has acquired approximately 15.0% of Royal Road Minerals Limited's issued and outstanding shares, marking a significant investment and partnership opportunity for both companies [1][4]. Company Acquisition Details - Rio2 acquired 39,855,000 ordinary shares of Royal Road at a price of $0.115 per share, totaling an investment of $4,583,325 [4]. - The acquisition was part of a block trade on the TSX Venture Exchange, transferring shares from a single investor to Rio2 and other institutional investors [2]. Strategic Partnership Insights - Royal Road's President and CEO, Tim Coughlin, expressed enthusiasm about the partnership, highlighting Rio2's strong track record in developing gold projects and their alignment with Royal Road's growth ambitions [3]. - Alex Black, Executive Chairman of Rio2, emphasized the geological attractiveness of Royal Road's portfolio and the potential for future diversification and growth opportunities [3]. Investor Rights Agreement - An Investor Rights Agreement was established, allowing Rio2 to maintain its ownership percentage and participate in future equity financings, as long as it holds at least a 9.5% interest in Royal Road [3]. - Rio2 is entitled to designate one nominee for election to Royal Road's board of directors, contingent on maintaining its ownership stake [3]. Company Profiles - Royal Road Minerals is focused on mineral exploration and development, with operations in Saudi Arabia, Morocco, and Colombia, aiming to discover and develop large-scale copper and gold deposits [7][8]. - Rio2 Limited is dedicated to developing its Fenix Gold Project in Chile, emphasizing responsible mining practices and environmental standards [8].