M&A / Property

Rio Silver amends Maria Norte property agreement

By The Northwire Desk — AI Analysis Aug 12, 2025 · 18:18 RYO · 0.095 Rio Silver Inc.

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Rio Silver Inc. amended the terms of its acquisition of the Maria Norte project from Peruvian Metals Corp.
The net smelter royalty to Peruvian has been eliminated and the payment securities adjusted to 3 M Rio Silver shares plus 1 M share purchase warrants (exercisable at $0.15 per share for two years).
A cash payment of $22,500 U.S. will be made to Peruvian, with existing semi‑annual option payments of $25,000 remaining unchanged.

Amended Transaction Structure:
Elimination of the net smelter royalty previously payable to Peruvian Metals Corp.
Issuance of three million (3,000,000) Rio Silver common shares to Peruvian.
Issuance of one million (1,000,000) share purchase warrants to Peruvian, each warrant exercisable at $0.15 per share for a two‑year period following exchange approval.
Cash Consideration:
Immediate cash payment of $22,500 U.S. to Peruvian Metals Corp.
Existing semi‑annual option payments of $25,000 U.S. each (totaling $250,000 U.S.) will continue as before, now classified solely as option payments due to the royalty removal.
Corporate Actions Impacting Share Structure:
The amendment reflects Rio Silver’s recent 1:5 reverse consolidation of its common shares completed on July 3 2025, affecting the number of shares issued as consideration.
Regulatory Conditions:
Amendment is subject to customary regulatory approvals, including approval by the relevant stock exchange.
Project Context:
The Maria Norte project is located in the District of Huachocopla, Huancavelica, Peru.

(No direct quotes were provided in the release.)

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