Rhyolite Resources Cancels Private Placement
Vancouver, May 5, 2025 - Rhyolite Resources Ltd. (TSXV: RYE) (the "Company") announces that it will not be proceeding with the non-brokered private placement of up to 25,000,000 shares of the Company at a price of $0.15 per share for gross proceeds of up to $3,750,000 that was previously announced on April 25, 2025.
For further information, contact Richard Graham at 604.488.5427.
On behalf of the Board,
Rhyolite Resources Ltd.
Richard Graham, Chief Executive Officer
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.
This news release may contain certain "Forward-Looking Statements" within the meaning of applicable Canadian securities laws. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the intended use of proceeds from the Offering and other factors or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
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