Financings

Rio2 acquires 4.16 million Royal Road shares

By The Northwire Desk — AI Analysis Nov 27, 2025 · 19:17 RIO · 2.40 Rio2 Limited

RIO · Price

Rio2 Ltd. participated in Royal Road Minerals Ltd.'s non-brokered private placement, purchasing 4,166,667 ordinary shares at $0.18 per share for a total consideration of $750,000.
The transaction closed on November 27, 2025, bringing Rio2's total beneficial ownership in Royal Road to 44,021,667 shares, representing approximately 15% of Royal Road's issued and outstanding shares on a non-diluted basis.
This participation was executed pursuant to an investor rights agreement dated September 29, 2025, which grants Rio2 the right to maintain its pro rata ownership or acquire up to a 15% interest, provided it holds at least 9.5% prior to the financing.

Transaction Type: Non-brokered private placement participation.
Counterparty: Royal Road Minerals Ltd.
Date of Closing: November 27, 2025.
Shares Purchased: 4,166,667 ordinary shares of Royal Road.
Price Per Share: $0.18 CAD.
Total Consideration: $750,000 CAD.
Pre-Transaction Holding: 39,855,000 shares (approx. 15% of issued and outstanding shares).
Post-Transaction Holding: 44,021,667 shares (approx. 15% of issued and outstanding shares on a non-diluted basis).
Rights Exercised: Participation under the investor rights agreement to maintain pro rata ownership and acquire up to a 15% interest.
Regulatory Filing: Early warning report filed pursuant to National Instrument 62-103.
Purpose: Shares acquired for investment purposes; Rio2 may acquire additional securities or dispose of existing holdings subject to the investor rights agreement.

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