Business
Royal Road and Rio2 Announce Share Acquisition by Rio2
TORONTO, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Royal Road Minerals Limited ( TSXV: RYR; OTCQB: RRD...
About this update from Royal Road Minerals Limited
[{"type":"text","content":"Royal Road and Rio2 Announce Share Acquisition by Rio2\n\n\n\n TORONTO, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Royal Road Minerals Limited (\n \n TSXV: RYR; OTCQB: RRDMF\n \n ) (“\n \n Royal Road\n \n ” or the\n \n “Company”\n \n ) and Rio2 Limited (\n \n TSX: RIO; OTCQX: RIOFF; BVL: RIO\n \n ) (“\n \n Rio2\n \n ”) are pleased to jointly announce that Rio2 has acquired 39,855,000 ordinary shares of Royal Road (“Shares”) representing approximately 15.0% of Royal Road’s issued and outstanding Shares and has become an “insider” of the Company under applicable securities laws and the policies of the TSX Venture Exchange (“TSXV”).\n \n\n The acquisition formed part of a block trade on the TSX Venture Exchange, transferring the entire shareholding previously held by a single investor to Rio2 and other institutional investors known to both parties.\n \n\n “We are genuinely delighted to welcome Rio2, under the leadership of Alex Black and Andrew Cox, as our new shareholders and partners,” said Tim Coughlin, President and CEO of Royal Road. “Rio2 is a bold and dynamic company with an exceptional record of developing world-class gold projects, and their leadership team bring decades of entrepreneurial and executional excellence. We believe this transition comes at an opportune time and creates a strong platform for mutual growth. Rio2’s proactive approach and strategic vision align closely with Royal Road’s ambitions and position them as the ideal partner to help drive our next stage of success.”\n \n\n Alex Black, Executive Chairman of Rio2, stated, “I have known Tim Coughlin for over 20 years, and, in my opinion, Tim is one of the best generative geologists on the planet. Tim was a first mover in Colombia 25 years ago and recently a first mover in Saudi Arabia. We view Royal Road’s portfolio as geologically attractive and believe it provides us with interesting options for future diversification and growth. For us, this transaction is about optionality – gaining exposure to highly prospective exploration opportunities in new jurisdictions, while maintaining a clear focus on advancing our flagship Fenix Gold Mine in Chile and driving that towards expansion. We are excited to become partners...