Rio Silver Announces Proposed Shares for Debt Transaction

Rio Silver Announces Proposed Shares for Debt Transaction

Rio Silver Inc. (the "Company" or "Rio Silver") (TSX.V: RYO,OTC:RYOOD) (OTC: RYOOF) is pleased to announce that, subject to the approval of the TSX Venture Exchange, the Company intends to settle (the "Transaction") an aggregate of $293,250 of indebtedness (the "Debt") owed to certain arm's length and non-arm's length creditors through the issuance of an aggregate of 1,396,428 common shares, at a deemed price of $0.21 per common share, and 420,238 common share purchase warrants (the "Warrants") of the Company. 976,190 of the common shares (and no Warrants) will be issued to non-arm's length creditors.

Each Warrant is exercisable into a common share at the price of $0.28 per common share, for a period of three years from the date of issue.

All common shares and Warrants issued to settle the Debt will be subject to a hold period of four months and one day from the date of issuance. The Transaction is subject to TSX Venture Exchange approval. Completion of the Transaction will allow the Company to improve its current working capital deficiency position.

ON BEHALF OF THE BOARD OF DIRECTORS OF Rio Silver INC.

Chris Verrico

Director, President and Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

For further information,

Christopher Verrico, President, CEO

Tel: (604) 762-4448

Email: chris.verrico@riosilverinc.com

Website: www.riosilverinc.com

This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required by applicable laws.


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

RYO:CA
Rio Silver

Rio Silver Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Rio Silver

Rio Silver

Leveraging 25+ years of mining experience in Peru

Leveraging 25+ years of mining experience in Peru Keep Reading...
Rio Silver Acquires Second High-Potential Silver-Lead-Zinc Project in Central Peru

Rio Silver Acquires Second High-Potential Silver-Lead-Zinc Project in Central Peru

Rio Silver Inc. (TSX-V: RYO | OTC: RYOOF ) (" Rio Silver " or the " Company ") is pleased to announce that its Peruvian subsidiary, Rio Plata S.A.C., has acquired the Santa Rita Pb-Zn-Ag Property, a highly prospective exploration target with extensive historical workings and strong... Keep Reading...
Rio Silver Provides Corporate Update as the Company Advances Toward High-Grade Silver Development in Peru

Rio Silver Provides Corporate Update as the Company Advances Toward High-Grade Silver Development in Peru

Rio Silver Inc. (TSX-V: RYO | OTC: RYOOF ) (" Rio Silver " or the " Company ") is pleased to provide a corporate update outlining ongoing operational preparations and strategic initiatives as the Company advances toward becoming a high-grade silver producer in Peru, the world's second-largest... Keep Reading...
Rio Silver Announces Grant of Stock Options

Rio Silver Announces Grant of Stock Options

Rio Silver Inc. ("Rio Silver" or the "Company") (TSX.V: RYO,OTC:RYOOD) (OTC: RYOOF) The company announces that it has granted an aggregate of 2.2 million incentive stock options to directors, officers and consultants of the company, exercisable at a price of twenty-nine cents with the following... Keep Reading...
Rio Silver Announces Closing of the Private Placement

Rio Silver Announces Closing of the Private Placement

Rio Silver Inc. (the "Company" or "Rio Silver") (TSX.V: RYO,OTC:RYOOD) (OTC: RYOOF) is pleased to announce that it has closed its non-brokered private placement (the "Offering"), previously announced on September 24, 2025, by issuing an aggregate of 22,000,000 units of the Company (the "Units")... Keep Reading...
Rio Silver Receives Conditional Approval for $2.2M Private Placement

Rio Silver Receives Conditional Approval for $2.2M Private Placement

Rio Silver Inc. ("Rio Silver" or the "Company") (TSX.V: RYO,OTC:RYOOD) (OTC: RYOOF), announces it has received "Conditional Approval" from the TSX Venture Exchange to close its upsized non-brokered private placement, as described in the company's press release dated Sept. 25, 2025, for aggregate... Keep Reading...
1911 GOLD CLOSES C$23 MILLION "BEST EFFORTS" LIFE OFFERING & PRIVATE PLACEMENT AND PROVIDES CORPORATE UPDATES

1911 GOLD CLOSES C$23 MILLION "BEST EFFORTS" LIFE OFFERING & PRIVATE PLACEMENT AND PROVIDES CORPORATE UPDATES

/ NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES / 1911 Gold Corporation ("1911 Gold" or the "Company") (TSXV: AUMB,OTC:AUMBF) (FRA: 2KY) is pleased to announce that it has completed its previously announced "best efforts" LIFE offering (the... Keep Reading...
Sranan Gold Continues to Extend the Mineralized Zone at the Randy's Pit Target, Tapanahony Project, Suriname

Sranan Gold Continues to Extend the Mineralized Zone at the Randy's Pit Target, Tapanahony Project, Suriname

Sranan Gold Corp. (CSE: SRAN,OTC:SRANF) ("Sranan Gold" or the "Company") reports additional assay results from diamond drilling at the Randy's Pit target on its Tapanahony Project, Suriname. Highlights include 22.4m at 2.44 g/t Au in hole 25RADD-006 and 19m at 1.68 g/t Au in hole 25RADD-009.... Keep Reading...
Freegold Intersects 1.53 g/t Au over 191.3m in infill drilling at Golden Summit

Freegold Intersects 1.53 g/t Au over 191.3m in infill drilling at Golden Summit

Highlight Drill Results: GS2508 1.05 g/t Au over 120.7 m in the Cleary Zone GS2528 1.78 g/t Au over 61 m in the Cleary Zone GS2531 1.53 g/t Au over 191.3 m in the Dolphin Zone Note: The reported widths refer to drill hole intercepts; true width cannot be determined due to the uncertain geometry... Keep Reading...
FORTUNE BAY APPOINTS PATRICK MCGRATH AS CHIEF FINANCIAL OFFICER

FORTUNE BAY APPOINTS PATRICK MCGRATH AS CHIEF FINANCIAL OFFICER

Fortune Bay Corp. (TSXV: FOR,OTC:FTBYF) (FWB: 5QN) (OTCQB: FTBYF) ("Fortune Bay" or the "Company") is pleased to announce the appointment of Patrick McGrath as Chief Financial Officer ("CFO"). Mr. McGrath succeeds Sarah Oliver, who will be stepping aside after serving as CFO since 2016. Ms.... Keep Reading...
Trading Halt

Trading Halt

Locksley Resources (LKY:AU) has announced Trading HaltDownload the PDF here. Keep Reading...
Pacgold Completes White Dam Gold Project Acquisition

Pacgold Completes White Dam Gold Project Acquisition

Pacgold (PGO:AU) has announced Pacgold Completes White Dam Gold Project AcquisitionDownload the PDF here. Keep Reading...
Rio Silver

Rio Silver Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News