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Rio Silver Inc. (the “Firm” or “Rio Silver”) (TSX.V: RYO,OTC:RYOOF) (OTC: RYOOF) pronounces that, following regulatory approval, the closing of the previously-announced transaction (the “Transaction”) with Peruvian Metals Corp. (“Peruvian”) to accumulate 100% of the issued and excellent frequent shares of Mamaniña Exploraciones S.A.C. (the “Subsidiary”), a Peruvian company, which holds mining rights within the Maria Norte undertaking (the “Maria Norte Property”) situated in Peru. The main points and the phrases of the Transaction are summarized within the Firm’s earlier press releases on March 26, June 25 and September 17, 2025.
Pursuant to the phrases of the Transaction, on closing, Rio Silver has acquired from Peruvian 100% of the issued and excellent frequent shares of the Subsidiary. In consideration, Rio Silver issued to Peruvian 3,999,999 frequent shares of the Firm, representing 9.27 of the Firm’s issued and excellent share capital (accounting for the current 5:1 share consolidation accomplished on July 3, 2025), and, as well as, underneath the phrases of the Transaction, the Firm is required to pay an combination of US$250,000 by making semi-annual funds to Peruvian over a interval of 5 years commencing on June 15, 2025. Thus far, the Firm has made the next money funds (i) CDN$15,000 upon signing; (ii) US$22,500 upon an modification; and (ii) US$25,000 possibility cost on June 15, 2025, leading to US$225,000 payable in remaining possibility funds.
A geological report ready in accordance with Nationwide Instrument 43-101 in respect of the Maria Norte Property shall be filed on the Firm’s profile on SEDAR+.
ON BEHALF OF THE BOARD OF DIRECTORS OF Rio Silver INC.
Chris Verrico
Director, President and Chief Govt Officer
Neither the TSX Enterprise Trade nor its Regulation Providers Supplier accepts accountability for the adequacy or accuracy of this launch.
For additional info,
Christopher Verrico, President, CEO
Tel: (604) 762-4448
Electronic mail: chris.verrico@riosilverinc.com
Web site: www.riosilverinc.com
This information launch contains forward-looking statements which might be topic to dangers and uncertainties. All statements inside, aside from statements of historic truth, are to be thought of ahead trying. Though the Firm believes the expectations expressed in such forward-looking statements are based mostly on affordable assumptions, such statements aren’t ensures of future efficiency and precise outcomes or developments might differ materially from these in forward-looking statements. Elements that would trigger precise outcomes to vary materially from these in forward-looking statements embrace market costs, exploitation and exploration successes, continued availability of capital and financing, and basic financial, market or enterprise situations. There may be no assurances that such statements will show correct and, subsequently, readers are suggested to depend on their very own analysis of such uncertainties. We don’t assume any obligation to replace any forward-looking statements besides as required by relevant legal guidelines.
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