Rio Silver amends Maria Norte acquisition terms

Executive Summary

• Rio Silver Inc. amends its acquisition agreement with Peruvian Metals Corp. for the Maria Norte project, adjusting payment securities and cash consideration.
• The amendment limits the issuance of payment securities to a maximum of 4 million shares (9.9% of issued capital) and adds a $22,500 cash payment plus semi‑annual $25,000 payments totaling $250,000 as option payments.
• The company also announces the grant of 1.14 million stock options at C$0.125 per share to consultants and employees, subject to vesting and exchange approval.

Key Details

• Amended Payment Securities: Up to 9.9% of Rio Silver’s issued capital shares, not to exceed 4 million shares, calculated immediately after the financing closing announced for 11 Sept 2025.
• Cash Consideration:
• Immediate payment of US$22,500 to Peruvian Metals Corp.
• Semi‑annual payments of US$25,000 each, aggregating US$250,000, structured as option payments.
• Elimination of Prior Terms: All previously released terms of the Maria Norte transaction are removed.
• Regulatory Conditions: Amendment subject to applicable regulatory approvals and exchange clearance.
• Option Grant: 1.14 million options issued to consultants and employees at a strike price of C$0.125 per share, exercisable over a two‑year period, pending vesting provisions and Canadian Securities Exchange approval.

Notable Quotes

(No direct quotes were provided in the release.)