Business
Rio2 Announces Participation in Royal Road's Private Placement
VANCOUVER, British Columbia, Nov. 27, 2025 (GLOBE NEWSWIRE) -- Rio2 Limited (“ Rio2 &#...
About this update from Rio2 Limited
[{"type":"text","content":"Rio2 Announces Participation in Royal Road’s Private Placement\n\n\n\n VANCOUVER, British Columbia, Nov. 27, 2025 (GLOBE NEWSWIRE) -- Rio2 Limited (“\n \n Rio2\n \n ”) (TSX:\n \n RIO\n \n ; OTCQX:\n \n RIOFF\n \n ; BVL:\n \n RIO\n \n ) announces that, it has participated in the Royal Road Minerals Limited (“Royal Road”) Non-brokered Private Placement which closed on November 27, 2025 with the purchase of 4,166,667 ordinary shares of Royal Road at the price of $0.18 per share ($750,000 in total).\n \n\n Pursuant to the Investor Rights Agreement announced on September 29, 2025, Rio2 has the right to participate in equity financings by Royal Road to maintain its pro rata ownership in Royal Road at the time of any such financing or acquire up to a 15% ownership interest in Royal Road (after giving effect to the financing) provided that Rio2 owns at least a 9.5% in Royal Road (calculated in accordance with the Investor Rights Agreement).\n \n\n Following the completion of the Royal Road Private Placement on November 27, 2025 and the purchase by Rio2 of 4,166,667 shares under that placement, Rio2 has beneficial ownership, control and direction over an aggregate of 44,021,667 shares, representing approximately 15% of the issued and outstanding shares of Royal Road on a non-diluted basis. Prior to this placement, Rio2 held 39,855,000 shares of Royal Road, representing approximately 15% of Royal Road’s issued and outstanding shares.\n \n\n Rio2 acquired these shares for investment purposes. Rio2 may, from time to time, subject to the Investor Rights Agreement, acquire additional shares or other securities of Royal Road or dispose of some or all of the shares or other securities of Royal Road that it owns at such time.\n \n\n This news release is being issued in connection with the filing of an early warning report (the “\n \n Early Warning Report\n \n ”) pursuant to the requirements of National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. The Early Warning Report will be electronically filed with the applicable securities commission in each jurisdiction where Royal Road is reporting and will be available under the profile of Royal Road and Rio2 on SEDAR+ at\n \n\n www.sedarplus.ca\n \n\n . A copy of the Early Warning Report may a...