Rio Silver increases private placement to $2.2-million

Executive Summary

• Rio Silver Inc. expands its non‑brokered private placement from 13 million to 22 million units at $0.10 per unit, raising total gross proceeds to up to $2.2 million.
• The additional $900,000 of net proceeds will fund exploration and development at the Maria Norte project (Peru) and the Gerow Lake project (Northern Ontario), plus general working capital.
• All other terms from the September 11, 2025 announcement remain unchanged; closing remains subject to regulatory approvals, including TSX‑V.

Key Details

• Original offering: Up to 13 million units @ $0.10/unit → up to $1.3 M gross proceeds (announced Sept 11, 2025).
• Amended offering: Total of 22 million units @ $0.10/unit → up to $2.2 M gross proceeds.
• Additional units: Up to 9 million extra units, providing an extra $900,000 net proceeds.
• Use of proceeds:
• Exploration & development of the Maria Norte gold‑silver‑lead‑zinc project in Peru.
• Advancement of the Gerow Lake project in Northern Ontario.
• General working capital.
• Terms unchanged: Pricing, unit composition, and other conditions remain as per the original announcement.
• Closing condition: Subject to receipt of all required regulatory approvals, including TSX Venture Exchange approval.

Notable Quotes

(No CEO/President quotes were included in the release.)