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VANCOUVER, British Columbia, Dec. 17, 2025 (GLOBE NEWSWIRE) — Rio2 Limited (“Rio2” or the “Company”) (TSX: RIO; OTCQX: RIOFF; BVL: RIO) is pleased to announce the closing of its previously announced brokered private placement (the “Private Placement”). A total of 6,306,300 common shares of the Company (the “Shares”) were sold to investors resident in Peru and Chile at a price per Share of C$2.22 (approximately US$1.585) for aggregate gross proceeds to the Company of C$14 million (approximately US$10 million)
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KALLPA Securities Sociedad Agente de Bolsa S.A. acted as the Company’s agent for the Private Placement.
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The Company plans to use the net proceeds from the Private Placement for working capital and general corporate purposes. Final acceptance by the Toronto Stock Exchange of the Private Placement is subject to the completion of customary post-closing filings.
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This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or under any U.S. state securities laws, and may not be offered or sold in the United States or to “U.S. Persons” (as that term is defined in Rule 902(k) of Regulation S under the U.S. Securities Act) absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act, as amended, and applicable state securities laws.
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About Rio2 Limited
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Rio2 is a mining company with a focus on development and mining operations with a team that has proven technical skills as well as 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. Rio2 and its wholly owned subsidiary, Fenix Gold Limitada, are companies with the highest environmental standards and responsibility with the firm conviction that it is possible to develop mining projects that respect the three axes (Social, Environment, Economics) of sustainable development. As related companies, we reaffirm our commitment to apply environmental standards beyond those that are mandated by regulators, seeking to protect and preserve the environment of the territories that we operate in.
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To learn more about Rio2 Limited, please visit: www.rio2.com or Rio2’s SEDAR+ profile at www.sedarplus.ca.
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ON BEHALF OF THE BOARD OF RIO2 LIMITED
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Alex Black
Executive Chairman of the Board
Email: [email protected]
Tel: +51 99279 4655
English (US)