Rio Silver is pleased to announce that it has entered into a non-binding letter of intent with a public mining company whereby, subject to regulatory approval, the Optionee may initially earn a 51% interest in Rio Silver's Peruvian Subsidiary Minera Rio Plata which holds title to the Ninobamba Silver and Gold property by completing exploration expenditures and financial commitments totalling US $25 million over a five [...]
Rio Silver is pleased to report that it has closed the last tranche of its previously announced private placement raising aggregate gross proceeds of $418,149.99. The last tranche consisted of $27,000 in gross proceeds by issuing 300,000 units of the Company. Over the three tranches an aggregate of 4,646,111 units were issued at $0.09 per Unit (including 4,346,111 Units previously announced). Each Unit issued under the [...]
Rio Silver is pleased to report that it has completed the first two tranches of its previously announced private placement consisting of 4,346,111 units at $0.09 per Unit for aggregate gross proceeds of $391,149.99. Each Unit consists of one common share of the Company and one common share purchase warrant exercisable at $0.12 per share until December 21, 2013 and February 4, 2014 for the first and second tranches [...]
Rio Silver is pleased to announce that the Company has completed its 2012 surface and trench sampling program on its 100% owned, 2100 hectare Ninobamba project, located approximately 330 kilometres southeast of Lima, in the Department of Ayacucho, Peru. The Company views the project as a bulk mineable disseminated silver target. In total seventeen trenches were excavated by the local community and the results of the first [...]
Rio Silver is pleased to announce a non-brokered private placement of up to 10,000,000 units at $0.09 per Unit for gross proceeds of up to $900,000. Each Unit will consist of one common share of the Company and one common share purchase warrant of the Company. Each warrant entitles the holder to acquire one common share of the Company at a price of $0.12 per share for a period of one year from closing. The proceeds from [...]
Rio Silver is pleased to report that it has completed its previously announced flow-through private placement consisting of 2,000,000 flow-through common shares (the "Shares") at $0.15 per Share for gross proceeds of $300,000 subject to final Exchange approval. In connection with the private placement, the Company paid finder's fees comprised of an aggregate of $9,000 in cash and issued an aggregate of 60,000 broker [...]
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