Rio Silver Inc. Announces Close of Second and Final Tranche of Private Placement and Grant of Incentive Stock Options
Rio Silver Inc. Announces Close of Second and Final Tranche of Private Placement and Grant of Incentive Stock Options
Three insiders of the Company participated in the Offering, namely: a company controlled by Christopher Verrico, CEO and a director of the Company, purchased an aggregate of 3,160,000 Units; Steve Brunelle, a director of the Company, purchased an aggregate of 1,160,000 Units; and Richard Mazur, a director of the Company, purchased an aggregate of 1,728,000 Units. The Offering is a "related party transaction" within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The issuance of the securities comprising the Units to the insiders is exempt from the valuation requirements and the minority approval requirements of MI 61-101 by virtue of the exemptions in sections 5.5(a) and 5.7(1)(a) of MI 61-101, by virtue of the fair market value of the consideration for the Units being less than 25% of the Company's market capitalization.VANCOUVER, British Columbia, July 18, 2023 (GLOBE NEWSWIRE) -- Rio Silver Inc. ("Rio Silver" or the "Company") (TSX.V: RYO) is pleased to announce that it has closed the second and final tranche of its previously announced non-brokered private placement (the "Offering") subject to regulatory approval.
溫哥華，不列顛哥倫比亞省，2023年7月18日(Global Newswire)--Rio Silver Inc.(“Rio Silver”或“Company”)(多倫多證券交易所股票代碼：RYO)高興地宣佈，該公司已完成之前宣佈的第二批也是最後一批非經紀私募(“IPO”)，有待監管部門批准。
In connection with the completion of the second tranche, the Company issued an aggregate of 1,588,000 units (the "Units") of the Company at a price of $0.05 per Unit for gross proceeds of $79,400. Each Unit consists of one common share of the Company and one common share purchase warrant (a "Warrant"). Each Warrant is exercisable into one additional common share of the Company at a price of $0.08 per share until January 17, 2025 unless the closing price of the common shares of the Company is $0.15 or higher on the TSX Venture Exchange (the "Exchange") for 15 consecutive trading days any time after the date that is four months after closing, in which case the Warrants will expire 30 calendar days after notice to the Warrant holders through a news release announcing an earlier expiry date. The securities issued under the second tranche will be subject to a statutory hold until November 18, 2023.
關於完成第二期，本公司以每單位0.05美元的價格發行了總計1,588,000個單位(“單位”)，總收益為79,400美元。每個單位由一股本公司普通股及一份普通股認購權證(“認股權證”)組成。每份認股權證可按每股0.08美元的價格行使，直至2025年1月17日，除非本公司普通股在多倫多證券交易所創業板(“聯交所”)連續15個交易日的收市價為0.15美元或以上，而在此情況下，在收市後4個月的任何時間，認股權證將於向認股權證持有人發出提前到期日的新聞稿通知後30個歷日屆滿。根據第二批發行的證券將受法定持有至2023年11月18日。
The proceeds from the Offering will be used to fund the Company's ongoing business operations and for general working capital purposes. No finder's fees were paid in connection with the Offering.
此次發行所得資金將用於為公司持續的業務運營提供資金，並用於一般營運資金。沒有支付與此次發行相關的發現者費用。
Three insiders of the Company participated in the Offering, namely: a company controlled by Christopher Verrico, CEO and a director of the Company, purchased an aggregate of 3,160,000 Units; Steve Brunelle, a director of the Company, purchased an aggregate of 1,160,000 Units; and Richard Mazur, a director of the Company, purchased an aggregate of 1,728,000 Units. The Offering is a "related party transaction" within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The issuance of the securities comprising the Units to the insiders is exempt from the valuation requirements and the minority approval requirements of MI 61-101 by virtue of the exemptions in sections 5.5(a) and 5.7(1)(a) of MI 61-101, by virtue of the fair market value of the consideration for the Units being less than 25% of the Company's market capitalization.
本公司三名內部人士參與是次發售，分別為：董事首席執行官兼行政總裁韋瑞科控制的公司，共購買3,160,000單位；董事行政總裁Steve Brunelle，共購買1,160,000單位；及董事成員Richard Mazur，共購買1,728,000單位。本次發行是多邊文書61-101所指的“關聯方交易”。特殊交易中少數股權持有人的保護(“MI 61-101”)。根據MI 61-101第5.5(A)及5.7(1)(A)條的豁免規定，由於單位代價的公平市價低於本公司市值的25%，向內部人士發行組成該單位的證券可獲豁免遵守MI 61-101的估值規定及少數股東批准規定。
The Company also announces that it has granted an aggregate of 3,550,000 incentive stock options to directors, officers and other consultants of the Company exercisable at a price of $0.05 with the following exercise periods: (i) one year as to 1,350,000 options; (ii) two years as to 450,000 options; and (iii) five years as to 1,750,000 options, from the date of grant. The grant of these options is subject to the approval of the Exchange.
本公司亦宣佈，已向本公司董事、高級管理人員及其他顧問授予合共3,550,000份激勵性購股權，可按0.05美元價格行使，行使期如下：(I)1,350,000份購股權為一年；(Ii)450,000份購股權為兩年；及(Iii)自授予日期起計1,750,000份購股權為五年。該等期權的授予須經聯交所批准。
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
多倫多證券交易所創業板交易所及其監管服務提供商(該術語在多倫多證券交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not a guarantee of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required by applicable laws.
本新聞稿包括受風險和不確定性影響的前瞻性陳述。除有關歷史事實的陳述外，本文中的所有陳述均為前瞻性陳述。儘管公司認為這些前瞻性陳述中表達的預期是基於合理的假設，但這些陳述並不能保證未來的業績，實際結果或發展可能與前瞻性陳述中的大不相同。可能導致實際結果與前瞻性陳述中的結果大不相同的因素包括市場價格、開採和勘探成功、資本和融資的持續可獲得性以及總體經濟、市場或商業狀況。不能保證這樣的陳述將被證明是準確的，因此，建議讀者依靠自己對這種不確定性的評估。除非適用法律要求，否則我們不承擔任何更新任何前瞻性陳述的義務。
CONTACT: For more information contact: Christopher Verrico, President, CEO Tel: 604.762.4448 Email: chris.verrico@riosilverinc.com Website:
電話：604.762.4448電子郵件：chris.verrico@riosilverinc.com網址：
