Bulletin Contents
Home Page
Rio Silver Inc. 
Listed Company 

BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 26, 2019
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 2, 2019 and October 22, 2019:

Number of Shares: 11,520,000 shares

Purchase Price: $0.05 per share

Warrants: 11,520,000 share purchase warrants to purchase 11,520,000 shares

Warrant Exercise Price: $0.07 for an 18 month period. If the closing price of the Company's shares is $0.15 or higher for 15 consecutive trading days at any time after the expiry of the Exchange hold period, the warrants will expire 30 calendar days after notice.

Number of Placees: 14 placees

Insider / Pro Group Participation:

Insider=Y /
Name ProGroup=P # of Shares
Mopass Ventures Ltd. (Christopher Verrico) Y 1,500,000
Richard Mazur Y 900,000
Steve Brunelle Y 880,000
Aggregate Pro Group Involvement P 500,000
[1 placee]

Finder's Fee: PI Financial Corp. receives $4,000 and 80,000 non-transferable warrants with terms as the warrants above.

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period on November 7, 2019. [Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.]