12:19:42 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Rio Silver Inc (2)
Symbol RYO
Shares Issued 73,797,444
Close 2022-04-13 C$ 0.055
Market Cap C$ 4,058,859
Recent Sedar Documents

Rio Silver to extend 6.4M warrants to May 12, 2024

2022-04-14 11:58 ET - News Release

Mr. Christopher Verrico reports

RIO SILVER PROPOSES TO EXTEND WARRANT EXPIRY DATE

Rio Silver Inc. will apply to the TSX Venture Exchange to amend the terms of a total of 6.4 million outstanding share purchase warrants issued pursuant to a private placement that closed on May 12, 2020. These warrants are exercisable at a price of eight cents per share and are currently set to expire on May 12, 2022. The proposed amendment is limited to the extension of the expiry date of the warrants without changes to the exercise price of eight per warrant share. Subject to regulatory approval, the proposed new date for expiry of the warrants is anticipated to be May 12, 2024.

About Rio Silver Inc.

Rio Silver is a resource company that has been selectively identifying and acquiring precious metal assets that afford the best possible leverage and returns in anticipation of an increasingly more favourable precious metals bull market. At the company's recently acquired Palta Dorada property in central Peru, a high-grade mesothermal gold and silver vein system is currently being bulk sampled and processed by earn-in partner Peruvian Metals Corp. The company's partner has earned a 50-per-cent interest by installing and then expanding (due to COVID protocol) a 20-man camp and support complex, and then developing 150 metres of access tunnel to intercept the targeted sulphide mineralization. Recently, access improvements to the upper workings have been initiated, improving an access shaft for the installation of a mechanized skip which will expedite access for a bulk sampling campaign within the previously sampled sulphide mineralization. Peruvian operates the nearby Aguila Norte commercial mill where the extracted mineral from the bulk sampling campaign will be processed. Bulk sampling may be ramped up if successful and could become a cash flow to assist the company's overall exploration plans in a non-dilutive, shareholder-friendly way. The company remains ever impressed and optimistic by the resilience and ingenuity of its host country as Peru continues to endorse supportive mining policies, ensuring continued growth and opportunity throughout Peru.

We seek Safe Harbor.

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