Core Viewpoint - Rio Silver Inc. has successfully completed the acquisition of Mamaniña Exploraciones S.A.C. from Peruvian Metals Corp., gaining full ownership of the Maria Norte project in Peru following regulatory approval [1][2]. Transaction Details - The acquisition involved Rio Silver issuing 3,999,999 common shares to Peruvian, which constitutes 9.27% of the company's total issued and outstanding share capital after a recent 5:1 share consolidation [2]. - Rio Silver is obligated to pay a total of US$250,000 to Peruvian through semi-annual payments over five years, starting June 15, 2025. To date, the company has made cash payments totaling CDN$15,000, US$22,500, and US$25,000, leaving US$225,000 remaining [2]. Geological Report - A geological report compliant with National Instrument 43-101 regarding the Maria Norte Property will be filed on SEDAR+ [3].
Rio Silver Closes the Acquisition of the Maria Norte Ag-Au-Pb-Zn Property in Central Peru
Globenewswire·2025-12-13 00:35