Silver Miner Rio Silver (TSX-V: RYO ) ( OTC: RYOOF) Announces $3.0 Million Non-Brokered Private Placement Led by Eric Sprott

Core Viewpoint - Rio Silver Inc. announces a non-brokered private placement financing for gross proceeds of up to $3 million to support its development projects in Peru [3][4]. Financing Details - The company plans to issue up to 8,571,429 units at a price of $0.35 per unit, with each unit consisting of one common share and one-half of a common share purchase warrant [4]. - Each warrant will allow the holder to purchase an additional common share at $0.50 for 24 months, with an accelerated expiry if shares trade above $0.75 for fifteen consecutive days [4]. Use of Proceeds - The net proceeds from the offering are intended for advancing the Maria Norte Project in Peru, access development, metallurgical programs, and general working capital [5]. Regulatory Matters - Closing of the offering is subject to necessary approvals, including from the TSX Venture Exchange, and all securities will be subject to a statutory hold period of four months and one day [6]. Company Overview - Rio Silver Inc. is a Canadian resource company focused on high-grade, silver-dominant assets in Peru, aiming to become one of the next emerging silver producers [9].