RIO SILVER INC. ("RYO")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 19, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on May 18, 2023:
Number of Shares: 10,388,000 shares
Purchase Price: $0.05 per share
Warrants: 10,388,000 share purchase warrants to purchase 10,388,000 shares
Warrant Exercise Price: $0.08 for a eighteen (18) - month period, subject to acceleration
Number of Placees: 10 placees
Insider / Pro Group Participation:
Placees # of Placee (s) Aggregate # of Shares
Aggregate Existing Insider Involvement: 3 6,048,000
Aggregate Pro Group Involvement: 1 240,000
Aggregate Cash Amount Aggregate #
of Shares Aggregate #
of Warrants
Finder's Fee: N/A N/A N/A
The Company issued news releases on June 13, 2023 and July 18, 2023, confirming closing of the first and the second final tranche of the private placement. 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.
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