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
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.
温哥华，不列颠哥伦比亚省，2023年7月18日(Global Newswire)--Rio Silver Inc.(“Rio Silver”或“Company”)(多伦多证券交易所股票代码：RYO)高兴地宣布，该公司已完成之前宣布的第二批也是最后一批非经纪私募(“IPO”)，有待监管部门批准。
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.
关于完成第二期，本公司以每单位0.05美元的价格发行了总计1,588,000个单位(“单位”)，总收益为79,400美元。每个单位由一股本公司普通股及一份普通股认购权证(“认股权证”)组成。每份认股权证可按每股0.08美元的价格行使，直至2025年1月17日，除非本公司普通股在多伦多证券交易所创业板(“联交所”)连续15个交易日的收市价为0.15美元或以上，而在此情况下，在收市后4个月的任何时间，认股权证将于向认股权证持有人发出提前到期日的新闻稿通知后30个历日届满。根据第二批发行的证券将受法定持有至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.
此次发行所得资金将用于为公司持续的业务运营提供资金，并用于一般营运资金。没有支付与此次发行相关的发现者费用。
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.
本公司三名内部人士参与是次发售，分别为：董事首席执行官兼行政总裁韦瑞科控制的公司，共购买3,160,000单位；董事行政总裁Steve Brunelle，共购买1,160,000单位；及董事成员Richard Mazur，共购买1,728,000单位。本次发行是多边文书61-101所指的“关联方交易”。特殊交易中少数股权持有人的保护(“MI 61-101”)。根据MI 61-101第5.5(A)及5.7(1)(A)条的豁免规定，由于单位代价的公平市价低于本公司市值的25%，向内部人士发行组成该单位的证券可获豁免遵守MI 61-101的估值规定及少数股东批准规定。
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.
本公司亦宣布，已向本公司董事、高级管理人员及其他顾问授予合共3,550,000份激励性购股权，可按0.05美元价格行使，行使期如下：(I)1,350,000份购股权为一年；(Ii)450,000份购股权为两年；及(Iii)自授予日期起计1,750,000份购股权为五年。该等期权的授予须经联交所批准。
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.
多伦多证券交易所创业板交易所及其监管服务提供商(该术语在多伦多证券交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。
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.
本新闻稿包括受风险和不确定性影响的前瞻性陈述。除有关历史事实的陈述外，本文中的所有陈述均为前瞻性陈述。尽管公司认为这些前瞻性陈述中表达的预期是基于合理的假设，但这些陈述并不能保证未来的业绩，实际结果或发展可能与前瞻性陈述中的大不相同。可能导致实际结果与前瞻性陈述中的结果大不相同的因素包括市场价格、开采和勘探成功、资本和融资的持续可获得性以及总体经济、市场或商业状况。不能保证这样的陈述将被证明是准确的，因此，建议读者依靠自己对这种不确定性的评估。除非适用法律要求，否则我们不承担任何更新任何前瞻性陈述的义务。
CONTACT: For more information contact: Christopher Verrico, President, CEO Tel: 604.762.4448 Email: chris.verrico@riosilverinc.com Website:
电话：604.762.4448电子邮件：chris.verrico@riosilverinc.com网址：
译文内容由第三方软件翻译。