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Rio Silver Announces Closing of the Private Placement
Globenewswire· 2025-11-13 00:00
Core Points - Rio Silver Inc. has successfully closed a non-brokered private placement, issuing 22,000,000 units at a price of $0.10 per unit, resulting in gross proceeds of $2,200,000 [1][2] Group 1: Offering Details - Each unit consists of one common share and one share purchase warrant, with the warrant exercisable at $0.15 per share for three years, subject to early expiry conditions [2] - The company paid finders' fees of $70,920 in cash and issued 709,200 finder's warrants, which have the same terms as the warrants issued in the offering [3] Group 2: Use of Proceeds - The net proceeds from the offering will be allocated towards exploration and development of projects in Peru, the Gerow Lake project in Northern Ontario, and general working capital [4] - Proceeds will not be used for the Maria Norte project until approval from the TSX Venture Exchange is obtained [4]
Rio Silver Announces Proposed Shares for Debt Transaction
Globenewswire· 2025-11-06 11:00
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]
Rio Silver Announces Proposed Shares for Debt Transaction
Globenewswire· 2025-11-06 11:00
Core Viewpoint - Rio Silver Inc. plans to settle $293,250 of debt through the issuance of common shares and warrants, subject to TSX Venture Exchange approval [1][2]. Group 1: Debt Settlement Details - The company intends to issue a total of 1,396,428 common shares at a deemed price of $0.21 per share and 420,238 common share purchase warrants [1]. - Of the common shares issued, 976,190 will be allocated to non-arm's length creditors, 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]. Group 2: Regulatory and Financial Implications - The transaction is subject to a hold period of four months and one day from the date of issuance [2]. - Completion of the transaction will help the company improve its current working capital deficiency position [2].
Rio Silver Receives Conditional Approval for $2.2M Private Placement
Globenewswire· 2025-10-28 23:47
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]
Rio Silver Announces Increase to Offering Amount
Globenewswire· 2025-09-24 13:00
Group 1 - The company, Rio Silver Inc., has announced an increase in its non-brokered private placement offering from 13,000,000 units to 22,000,000 units at a price of $0.10 per unit, raising gross proceeds to $2,200,000 [1][2] - The additional net proceeds from the offering will be allocated for exploration and development of the Maria Norte Au-Ag-Pb-Zn project in Peru, the existing Gerow Lake project in Northern Ontario, and for general working capital purposes [2] - The closing of the offering is subject to necessary regulatory approvals, including approval from the TSX Venture Exchange [2]
Rio Silver arranges $1.3M private placement
Globenewswire· 2025-09-11 13:00
Core Viewpoint - Rio Silver Inc. has announced a non-brokered private placement financing of up to 13 million units at $0.10 per unit, aiming for gross proceeds of up to $1.3 million [1][4]. Group 1: Private Placement Details - Each unit consists of one common share and one transferable warrant, with each warrant exercisable into one common share at $0.15 for three years from closing [2]. - The company may accelerate the warrant expiry date if its common shares close at or above $0.25 for 15 consecutive trading days, with warrants expiring 30 days from the notice [2]. - The private placements may be closed in one or more tranches, subject to TSX-V approval, and the company may pay a finder's fee or commission of up to 8% [3]. Group 2: Use of Proceeds - The gross proceeds from the sale of the units will be allocated for exploration and development of the company's projects in Peru, as well as for general working capital purposes [4]. Group 3: Company Overview - Rio Silver is focused on identifying and acquiring precious metal assets that are expected to generate near-term cash flow, supporting its exploration and development plans in a non-dilutive manner [5]. - The company expresses optimism regarding Peru's supportive mining policies and ongoing investment in the region [5].
Rio Silver Amends Maria Norte Terms
Globenewswire· 2025-08-12 13:20
Core Viewpoint - Rio Silver Inc. has amended the terms of its acquisition of the Maria Norte Project from Peruvian Metals Corp, eliminating the net smelter royalty and adjusting payment securities [1][2]. Group 1: Transaction Details - The amended terms include the elimination of the net smelter royalty to Peruvian Metals Corp [2]. - Rio Silver will issue 3,000,000 shares and 1,000,000 share purchase warrants to Peruvian, with warrants exercisable at $0.15 per share for two years post-approval [2]. - Rio Silver will make a payment of $22,500 to Peruvian, while maintaining semiannual "Option Payments" of $25,000 totaling $250,000 [2]. Group 2: Company Overview - Rio Silver is focused on acquiring precious metal assets that can generate near-term cash flow to support its exploration and development plans [3]. - The company expresses optimism regarding Peru's supportive mining policies and ongoing investment in the region [3].
Rio Silver Announces Results of Annual General Meeting, Amends Purchase Agreement for Maria Norte
Globenewswire· 2025-06-25 13:00
Core Points - Rio Silver Inc. received shareholder approval for all matters at the annual general meeting held on June 19, 2025 [2] - The approved resolutions included the election of directors, ratification of the auditor for the year ended December 31, 2024, reapproval of the equity incentive plan, and a share consolidation on a one-new-for-five-old basis [2] - The company amended its purchase agreement for the Maria Norte mining property, eliminating royalty provisions in exchange for a one-time cash payment of US$ 22,500 [3] - The board believes the share consolidation is essential for future corporate development and financing opportunities [3] - The CEO emphasized the company's commitment to sustainability and the potential of the Maria Norte property, which is adjacent to active mine production [3] - Rio Silver is focused on precious and base metal properties in Peru and is also interested in its Ontario Gerow Lake project [5] - The transaction allows the company to pursue planned acquisitions that could lead to near-term cash flow production [5] Company Overview - Rio Silver Inc. is a Canadian exploration and development company with significant insider ownership, primarily focused on opportunities in Peru [5] - The company is optimistic about the supportive mining policies in Peru and the ongoing investment in the region [4]
Rio Silver Receives Conditional Approval for Acquisition of Mamaniña Exploraciones S.A.C.
Globenewswire· 2025-05-16 12:30
VANCOUVER, British Columbia, May 16, 2025 (GLOBE NEWSWIRE) -- Rio Silver Inc. (the “Company”) (TSX.V: RYO) (OTC: RYOOF) announces that, further to its announcement on March 26, 2025, it has received from the TSX Venture Exchange (the “Exchange”) conditional acceptance (the “Conditional Approval”) of the proposed transaction (the “Transaction”) with Peruvian Metals Corp. for the acquisition of Mamaniña Exploraciones S.A.C. The Company is working to satisfy the remaining conditions outlined in the Conditional ...
Rio Silver completes Definitive Agreement for the sale of Ninobamba, announces planned restructuring
Globenewswire· 2025-05-01 13:00
VANCOUVER, British Columbia, May 01, 2025 (GLOBE NEWSWIRE) -- Rio Silver Inc. (“Rio Silver” or the “Company”) (TSX.V: RYO) (OTC: RYOOF), announces that it has completed a definitive agreement (the “Option Agreement”) with Magma Silver Corp. (TSX.V: MGMA) (“Magma Silver”) for the sale (the “Transaction”) of the Niñobamba Au-Ag property (“Niñobamba” or the “Project”). Under the terms of the Option Agreement, Magma Silver has the right to earn a 100% interest in the Project upon full exercise of the option. Th ...