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Rio Silver Announces Results of Annual General Meeting, Amends Purchase Agreement for Maria Norte
VANCOUVER, British Columbia, June 25, 2025 (GLOBE NEWSWIRE) -- Rio Silver Inc. (“Rio Silve...
About this update from Rio Silver Inc.
[{"type":"text","content":"Rio Silver Announces Results of Annual General Meeting, Amends Purchase Agreement for Maria Norte\n\n\n\n VANCOUVER, British Columbia, June 25, 2025 (GLOBE NEWSWIRE) -- Rio Silver Inc. (“Rio Silver” or the “Company”) (TSX.V: RYO) (OTC: RYOOF), announces shareholder approval for all matters at the AGM.\n \n\n All resolutions presented at Rio Silver’s annual general held on Thursday, June 19, 2025, including the election of directors, the ratification of the appointment of its auditor for the year ended December 31, 2024, the reappointment of its current auditor, the reapproval of the company's equity incentive plan and the approval for a share consolidation on a one-new-for-5-old basis. The name of the company has not been changed.\n \n\n Additionally, the Company has amended its purchase agreement for the Maria Norte mining property and eliminated the royalty provisions in exchange for a one-time cash payment of US$ 22,500.00. The board of directors believes that the consolidation was necessary to better position the company for future corporate development opportunities and financing transactions.\n \n\n Rio Silver chief executive officer Chris Verrico stated:\n \n\n “Rio Silver is advancing its mandate for sustainability with the purchase of Maria Norte which is directly adjacent to and on trend with active mine production with demonstrated world-class silver potential. We believe that this share consolidation and advancement toward production will be aided by the company's other royalty streams and is well supported by Peru's unique small mines permitting regime, which can accelerate the initial development.\n \n\n We remain ever impressed and optimistic by the resilience and ingenuity of our host country as Peru continues to endorse supportive mining policies and continued growth, as is currently evident by the tremendous investment being witnessed throughout Peru”.\n \n\n About Rio Silver Inc.\n \n\n Rio Silver is a Canadian exploration and development company with an large per cent of insider, friends and family ownership, focused on Peru. Rio Silver continues to review precious and base metal properties in Peru while maintaining its interest in its Ontario Gerow Lake, critical metals project. This Transaction enables the Company to complete certain planned acquisitions that...