VANCOUVER, Sept. 22, 2021 - Rio2 Ltd. ("Rio2" or the "Company") (TSXV: RIO; OTCQX: RIOFF; BVL: RIO) announces the results of voting at its Annual and Special General Meeting of Shareholders held on Tuesday, September 21, 2021. A total of 108,520,448 common shares were voted, representing 54.22% of 200,135,270 shares issued and outstanding as at the record date of the meeting.
Shareholders voted in favor of all items put forward by the Board of Directors and management. All seven of the individuals nominated for the board of directors were elected as set out below:
| | VOTES FOR | % VOTES
FOR | VOTES
WITHHELD | % VOTES WITHHELD
/ABSTAIN |
| Klaus Zeitler | 89,997,377 | 99.85% | 136,925 | 0.15% |
| Alex Black | 90,058,379 | 99.92% | 75,923 | 0.08%
|
| Ram Ramachandran | 90,043,242 | 99.90% | 91,060 | 0.10%
|
| Albrecht Schneider | 90,030,182 | 99.88% | 104,120 | 0.12%
|
| Sidney Robinson | 90,070,172 | 99.93% | 64,130 | 0.07% |
| Drago Kisic | 90,010,369 | 99.86% | 123,933 | 0.14% |
| David Thomas | 90,010,379 | 99.86% | 123,923 | 0.14% |
Shareholders also voted in favor of (i) reappointing Grant Thornton LLP as auditors of the Company for the ensuing year and authorizing directors to fix their remuneration; and (ii) approving and ratifying the 2018 Rio2 Stock Option Plan.
The Company also wishes to announce that it has granted 4,200,000 incentive stock options (the "Stock Options") to purchase Rio2 common shares to directors, officers, employees and consultants pursuant to Rio2's Stock Option Plan.
These Stock Options have an expiry date of September 21, 2026 and will vest as to 1/3 thereof on each of the first, second and third anniversaries of grant. Each Stock Option entitles the holder to purchase one Rio2 common share at a price of $0.65 for a period of five years from the date of grant.
ABOUT RIO2 LIMITED
Rio2 is a mining company with a focus on development and mining operations with a team that has proven technical skills as well as a successful capital markets track record. Rio2 is focused on taking its Fenix Gold Project in Chile to production in the shortest possible timeframe based on a staged development strategy. In addition to the Fenix Gold Project in development in Chile, Rio2 Ltd. continues to pursue additional strategic acquisitions where it can deploy its operational excellence and responsible mining practices to build a multi-asset, multi-jurisdiction, precious metals company.
To learn more about Rio2 Limited, please visit: www.rio2.com or Rio2's SEDAR profile at www.sedar.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF Rio2 Ltd.
Alex Black
President, CEO & Director
Tel: +1 (604) 260-2696
Email: info@rio2.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
