Rio2 Ltd.

Rio2 Ltd. today announces that it has completed the strategic acquisition of Compa??a Minera Paso San Francisco S.A. . MPSF owns strategic mining infrastructure and facilities located adjacent to Rio2’s Fenix Gold Project in Chile. MPSF has been acquired by Rio2 for USD 1.5 million cash from Inversiones Alxar S.A. , a subsidiary of Empresas Copec S.A., a large Chilean industrial conglomerate. The existing MPSF processing [...]

Rio2 Ltd. recognizes that the Coronavirus pandemic is a great concern for everyone and their families. At this time Rio2 wants everyone to know that the well-being of our employees, business partners and stakeholders is of the deepest concern to us. With this in mind we have already and will continue to take measures to protect all parties we are in contact with. In that regard, the Company wishes to advise that all of [...]

Rio2 Ltd. today announces that it has filed an independent technical report dated October 15th, 2019, entitled "Updated Pre-feasibility Study for the Fenix Gold Project" pursuant to National Instrument 43-101 Standards of Disclosure for Mineral Projects . The Technical Report has an effective date of August 15th, 2019 and supports the disclosure made by the Company in its news release dated September 4, 2019 announcing [...]

Rio2 Ltd. announces today that it has granted an aggregate of 150,000 Restricted Share Units that may be converted into common shares of Rio2, as well as 5,680,000 incentive stock options to purchase Rio2 common shares to directors, officers, employees and consultants pursuant to Rio2’s Share Incentive Plan and Stock Option Plan. The RSUs, which vest 1/3 equally over a three-year period, include a time-based and a [...]

Rio2 Ltd. announces that it has closed the bought deal financing initially announced on July 23, 2019 . The Company issued 62,500,000 units of the Company at a price of $0.40 per Unit for aggregate gross proceeds of $25,000,000 . Each Unit consists of one common share of the Company and one-half of one common share purchase warrant . Each Warrant entitles the holder to acquire one Common Share at an exercise price of [...]

Rio2 Limited  is pleased to announce that in connection with its previously announced bought deal private placement financing, the Company and Cormark Securities Inc. have agreed to increase the size of the previously announced financing. The Company will now issue 55,000,000 units of the Company at a price of $0.40 per Unit on a "bought deal" private placement basis, for aggregate gross proceeds to the Company of [...]

 Rio2 Limited  announces that it has entered into an agreement with Cormark Securities Inc. , pursuant to which Cormark shall purchase 43,750,000 units of the Company at a price of $0.40 per Unit, on a "bought deal" private placement basis, for aggregate gross proceeds to the Company of approximately $17.5 million . Each Unit will consist of one common share of the Company and one-half of one Common Share Purchase Warrant [...]

Rio2 Ltd. announces that the results of the updated prefeasibility study, for its 100% owned Fenix Gold Project located in the Atacama Region, Chile, have been delayed slightly and are now expected to be released as soon as possible during the month of August. The updated PFS is being completed by a highly skilled and experienced group of engineering consultants that are based in Lima, Peru, in close cooperation with [...]

Rio2 Ltd. announces the results of voting at its Annual and Special General Meeting of Shareholders held Tuesday, May 28, 2019. A total of 49,229,337 common shares were voted, representing 41.64% of 118,239,464 shares issued and outstanding as at the record date of the meeting. Shareholders voted in favour of all items put forward by the Board of Directors and management. All seven of the individuals nominated for the [...]

Rio2 Limited today provides a project update for its Fenix Gold Project located in the Maricunga region, Chile. Rio2 continues to advance the Fenix Gold Project to production and has completed a number of activities as planned. Rio2 has now decided to complete an update to the Pre-feasibility Study, which was undertaken by previous owners, Atacama Pacific Gold Corp.. This will illustrate how Rio2 intends to develop the [...]