Rio2 Announces Upsize of Previously Announced Bought Deal Financing to C$166 Million

Core Points - Rio2 Limited has increased its previously announced "bought deal" financing from C$140 million to approximately C$166 million due to strong investor demand, equating to about US$120 million [1] - The financing involves the purchase of 74,865,000 Subscription Receipts at a price of C$2.22 per receipt, resulting in gross proceeds of C$166,200,300 [1] - An over-allotment option has been granted to the underwriters, allowing them to purchase additional Subscription Receipts equal to 15% of the number sold, exercisable within 30 days following the closing date [2] - The expected closing date for the Equity Financing is around December 15, 2025, pending customary closing conditions and necessary approvals from the TSX [3] Company Overview - Rio2 Limited is a mining company focused on development and mining operations, particularly the Fenix Gold Project in Chile, aiming for production in the shortest timeframe possible [4] - The company emphasizes high environmental standards and responsible development, committing to exceed regulatory requirements to protect the environment [4]