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 [...]
Rio2 Limited is pleased to announce additional drilling results from 28 reverse circulation drill holes and 6 surface trenches at its Fenix Gold Project located in the Maricunga region, Chile. The drilling described in this press release represents the final 4,830 meters drilled of a 7,066 meter drilling program that commenced in late November 2018, which focused on the US$ 728 pit shell defined in “NI 43-101 [...]
Rio2 Limited is pleased to announce that Rio2 begins trading today on the OTCQX® Best Market under the ticker “RIOFF”. U.S. Investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com. Alex Black, President and CEO of Rio2 stated: “This is an important milestone for Rio2 as it enables a broader range of U.S. investors to participate in our [...]
Rio2 Limited is pleased to announce that it has closed the second and final tranche of its non-brokered private placement previously announced on February 14, 2019 . Together with the first tranche closing, the Company issued 15,217,391 Units for an aggregate gross proceeds of $7,000,000. Pursuant to the closing of this tranche, the Company issued 2,593,866 units at $0.46 per Unit for a total gross proceeds of $1,193,178 [...]
Rio2 Limited is pleased to announce that it has closed the first tranche of its non-brokered private placement announced on February 14, 2019 . The Company issued 12,623,525 units at $0.46 per Unit for a total gross proceeds of $5,806,821. Each Unit consists of one common share of Rio2 and one whole Common Share purchase warrant . Each Warrant will entitle the holder thereof to acquire one additional Common Shares at a [...]
Rio2 Limited is pleased to announce that, due to increased demand, it intends to increase the size of its previously announced non-brokered private placement. The Company will now issue up 15,217,391 units at a price of $0.46 per Unit for a total gross proceeds of up to $7,000,000 . Depending on market conditions, the Company may further increase the amount to be raised under the Offering. The Offering is expected to [...]
Rio2 Limited announces that it intends to complete a non-brokered private placement offering of Units at a price of $0.46 per Unit for gross proceeds of between $3,000,000 and $5,000,000 . The Company may increase the amount to be raised under the Offering based on market conditions. Each Unit will consist of one common share of the Company and one common share purchase warrant . Each Warrant will entitle the holder [...]
Rio2 Ltd. is pleased to announce drilling results from the first 11 reverse circulation drill holes and 4 surface trenches at its Fenix Gold Project located in the Maricunga region, Chile. The drilling represents 2,236 meters drilled to date of an approximate 7,000-meter drilling program that commenced in late November 2018. The objective of this drilling is to intersect and define east-west structural feeders that the [...]
Rio2 Limited is pleased to announce that a 7,000-meter in-pit drilling program has commenced at its Fenix Gold Project located in the Atacama Region within the well-known Maricunga Mineral Belt. The drilling is focused on the US$728 pit shell as defined in the Project’s Pre-Feasibility Study completed in 2014. As previously announced, the objective of this drilling is to intersect and define east-west structural [...]
Rio2 Limited announces today that Alex Black, the President and Chief Executive Officer of the Company, has purchased a total of 742,500 common shares of the Company over the course of the past 5 days through the facilities of the TSX Venture Exchange. Prior to these purchases, Alex Black owned and controlled 14,414,721 Common Shares, representing approximately 14.0% of the issued and outstanding Common Shares. He now has [...]
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