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Rio Silver Inc. Announces $3.0 Million Non-Brokered Private Placement Led by Eric Sprott
VANCOUVER, British Columbia, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Rio Silver Inc. (“Rio Silver” or the “Company”) (TSX-V: RYO | OTC: RYOOF) is pleased to announce a non-brokered private placement financing for gross proceeds of up to $3,000,000 (the “Offering”). Under the Offering, subject to regulatory approval, the Company intends to issue up to 8,571,429 units (the “Units”) at a price of $0.35 per Unit. Each Unit will consist of one common share of the Company and one-half (1/2) of one common sh
About this update from Rio Silver Inc.
[{"type":"image","alt":"Rio Silver, Inc.","displaySize":"","headline":null,"caption":"Rio Silver, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":49,"url":"https://media.zenfs.com/en/globenewswire.com/3cf1a0b2d5931137138324f75b32a0d5"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/st29DzNXW.__LcmegWwRUA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTY5O2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/3cf1a0b2d5931137138324f75b32a0d5","width":300,"height":49}},"lazy":false},{"type":"text","content":"VANCOUVER, British Columbia, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Rio Silver Inc. (“Rio Silver” or the “Company”) (TSX-V: RYO | OTC: RYOOF) is pleased to announce a non-brokered private placement financing for gross proceeds of up to $3,000,000 (the “Offering”).","length":259,"tagName":"p"},{"type":"text","content":"Under the Offering, subject to regulatory approval, the Company intends to issue up to 8,571,429 units (the “Units”) at a price of $0.35 per Unit. Each Unit will consist of one common share of the Company and one-half (1/2) of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder to acquire one additional common share of the Company at a price of $0.50 per share for a period of 24 months from the date of issuance, subject to accelerated expiry in the event the common shares of the Company trade at a price greater than $0.75 for fifteen consecutive trading days.","length":619,"tagName":"p"},{"type":"text","content":"The net proceeds from the Offering are expected to be used for advancement of the Company’s Maria Norte Project in Peru, access development, metallurgical programs, and for general working capital purposes.","length":206,"tagName":"p"},{"type":"text","content":"Closing and Regulatory Matters","length":30,"tagName":"p"},{"type":"text","content":"Closing of the Offering is subject to receipt of all necessary approvals, including approval of the TSX Venture Exchange. All securities issued under the Offering will be subject to a statutory hold period in accordance with applicable securities laws, expiring four months and one day from the date of issuance.","length":312,"tagName":"p"},{"type":"text","content":"The Company may pay finders’ fees in connection with the Offering in accordance with the policies of the TSX Venture Exchange.","length":126,"t...