Rio Silver has conditional TSX-V OK for $2.2M placement

Executive Summary

• Rio Silver Inc. has received conditional approval from the TSX Venture Exchange to close an upsized non-brokered private placement with aggregate gross proceeds of $2.2 million.
• The offering consists of 22 million units priced at 10 cents per unit, with each unit comprising one common share and one non-transferable warrant.
• Proceeds are designated for acquiring and advancing exploration projects in south-central Peru, general working capital, and debt settlement.

Key Details

• Transaction Structure: Non-brokered private placement of 22 million units at $0.10 per unit.
• Gross Proceeds: $2.2 million.
• Unit Composition: Each unit includes one common share and one non-transferable warrant.
• Warrant Terms (Investors):
  • Exercise Price: $0.15 per share.
  • Duration: Three years from closing.
  • Acceleration Clause: If common shares close at or above $0.25 for 15 consecutive trading days, the company may accelerate expiry to 30 days from notice.
• Finder’s Fees:
  • Cash Commission: $74,520.
  • Warrants Issued: 745,200 non-transferable common share purchase warrants to arm's-length finders.
  • Finder Warrant Terms: Exercise price of $0.15 per share, exercisable for three years from exchange acceptance.
• Use of Proceeds: Acquisition and advancement of exploration/exploitation projects in south-central Peru, general working capital, and debt settlement.
• Hold Period: Securities are subject to a four-month hold from the date of exchange acceptance under Canadian securities laws.
• Regulatory Status: Conditional approval received; subject to final approval of the TSX Venture Exchange.
• Additional Corporate Update: Rio Silver anticipates exchange approval for the acquisition of the Maria Norte gold-silver-lead-zinc project (announced Sept. 17, 2025) in the coming days.