Gerow Lake project
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Rio Silver Announces Increase to Offering Amount
Globenewswireยท 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]