Rio Silver Announces Proposed Shares for Debt Transaction

Core Points - Rio Silver Inc. intends to settle $293,250 of indebtedness through the issuance of 1,396,428 common shares at a deemed price of $0.21 per share and 420,238 common share purchase warrants [1][2] - The common shares issued to non-arm's length creditors will total 976,190 shares, with no warrants issued to them [1] - Each warrant is exercisable into a common share at a price of $0.28 per share for a period of three years from the date of issue [2] - The transaction is subject to approval from the TSX Venture Exchange and will help improve the company's working capital deficiency [2]