Rio Silver Receives Conditional Approval for $2.2M Private Placement

Core Points - Rio Silver Inc. has received "Conditional Approval" from the TSX Venture Exchange for a non-brokered private placement, raising gross proceeds of $2,200,000 [1][4] - The offering consists of 22,000,000 units priced at 10 cents each, with each unit including one common share and one non-transferable warrant exercisable at 15 cents for three years [2][3] - The proceeds will be allocated towards exploration projects in Peru, general working capital, and debt settlement [3] Financial Details - The total gross proceeds from the offering amount to $2,200,000, with finders' fees of $74,520 and 745,200 broker warrants issued [2][3] - Each broker warrant allows the holder to acquire one common share at an exercise price of 15 cents for three years [3] Project Updates - The company is expecting approval for the acquisition of the Maria Norte Au-Ag-Pb-Zn project, with updates provided on September 17, 2025 [5] Company Overview - Rio Silver focuses on acquiring precious metal assets that are expected to generate near-term cash flow, supporting its exploration and development plans [6] - The company expresses optimism regarding Peru's supportive mining policies and ongoing investment in the region [6]