Business
Rio Silver to Complete 5:1 Consolidation
VANCOUVER, British Columbia, June 27, 2025 (GLOBE NEWSWIRE) -- Rio Silver Inc. (the "Company" or ...
About this update from Rio Silver Inc.
[{"type":"text","content":"Rio Silver to Complete 5:1 Consolidation\n\n\n\n VANCOUVER, British Columbia, June 27, 2025 (GLOBE NEWSWIRE) -- Rio Silver Inc. (the \"Company\" or \"Rio Silver\") (TSX.V: RYO) (OTC: RYOOF) announces that, further to the announcement on May 1, 2025, it will consolidate (the \"Consolidation\") its common shares on the basis of five pre-Consolidation common shares for one post-Consolidation share.\n \n\n The Company expects that the TSX Venture Exchange (the \"Exchange\") will issue a bulletin in short order, confirming that the Company’s common shares will then commence trading on a post-Consolidation basis effective on or about the opening of trading on Thursday, July 3, 2025. There will be no change to the Company’s name or trading symbol. The new CUSIP and ISIN numbers for the post-Consolidation shares are 76721A113 and CA76721A1131, respectively.\n \n\n No fractional common shares will be issued, and fractions of less than one-half of a common share will be cancelled and fractions of at least one-half of a common share will be converted to a whole common share. Outstanding options, warrants and other convertible securities will likewise be adjusted for the Consolidation, with the number of underlying common shares and exercise prices being adjusted accordingly.\n \n\n The Company currently has 84,832,845 common shares issued and outstanding, and immediately following the Consolidation the Company expects to have, subject to rounding adjustment, approximately 16,966,572 common shares issued and outstanding, none of which are subject to escrow.\n \n\n Letters of Transmittal will be mailed shortly to registered shareholders who hold share certificates, with instructions for the exchange of existing share certificates for new share certificates. Shareholders holding uncertificated shares (such as BEO, NCI and DRS positions) will have their holdings adjusted electronically by the Company’s transfer agent and need not take any further action to exchange their pre-Consolidation shares for post-Consolidation shares.\n \n\n The Company expects that the Consolidation will provide the Company with increased flexibility in structuring and completing financings and potential business transactions. Shareholder approval for the Consolidation was received at the Company’s Annual General and Special Meeting of Shar...