Rio2 Ltd. announces today that it has closed its previously announced public offering of 97,307,710 common shares of the Company at a price of ?C$0.65 per Common Share for gross proceeds of approximately C$63 million, including the full exercise ?of the agents' option . The Public Offering was conducted pursuant to ?the terms and conditions of an [...]
Rio2 Ltd. is pleased to announce that it has priced and upsized its previously announced overnight marketed public offering of common shares of the Company from up to C$40 million to C$55 million. Overall, 84,615,400 Common Shares will be issued at a price of C$0.65 per Common Share. The Public Offering is being conducted on a best efforts agency [...]
Rio2 Ltd. today announces that it has arranged a mine construction financing package expected to total approximately US$150 million for construction and general working capital of the Company's 100%-owned Fenix Gold Project in Chile . This funding package marks a significant de-risking milestone for Fenix Gold, and with all key sectorial permits [...]
Rio2 Ltd. today announces that its Chilean subsidiary, Fenix Gold Limitada, has received the principal Sectorial Permits it requires to begin construction at its Fenix Gold Project located in the Maricunga Gold Belt of the Atacama Region, Chile. These Sectorial Permits are: 1) Mining Methods; 2) Process Plant; 3) Waste Dumps & Stockpiles; and 4 [...]
Rio2 Ltd. announces today that it has changed its auditors from Grant Thornton LLP to PricewaterhouseCooper LLP . The Former Auditor resigned as the auditor of the Company effective August 8, 2024, and the board of directors of the Company appointed the Successor Auditor on August 8, 2024, until the next annual shareholder meeting of the Company [...]
Rio2 Ltd. announces the results of voting at its Annual and Special General Meeting of Shareholders held May 15, 2024. A total of 115,981,552 common shares were voted, representing 44.68% of 259,568,913 shares issued and outstanding as of the record date of the Meeting. Shareholders voted in favour of all items of business before the Meeting [...]
Rio2 Ltd. wishes to remind its shareholders that its forthcoming Annual General and Special Meeting of shareholders will be held on May 15, 2024, at 11 a.m. ET. This will be an entirely virtual Meeting to be conducted via live webcast where all shareholders, regardless of geographic location, will have an equal opportunity to participate online [...]
Rio2 Ltd. announces that it has closed its private placement, as announced on April 8, 2024, and April 9, 2024. A total of 59,030,000 common shares of the Company were sold at a price of $0.39 per Share for gross proceeds to the Company of $23,021,700 . The Company entered into an agency agreement with Eight Capital and a syndicate of agents [...]
Rio2 Ltd. is pleased to announce that further to the news release dated April 8, 2024, it has entered into an amending agreement with Eight Capital, as agent, to upsize the previously announced private placement. Pursuant to the upsized offering, the Company will issue up to 59,030,000 common shares of the Company at a price of $0.39 per Share for [...]
Rio2 Ltd. today announces that its Chilean subsidiary, Fenix Gold Limitada , has received the formal Resolución de Calificación Ambiental for its Fenix Gold Project located in the Maricunga Mineral Belt of the Atacama Region, Chile. The RCA has been issued following the approval of the Project's Environmental Impact Assessment previously announced [...]
Rio2 Ltd. announces that the Company has entered into shares for services agreements with certain directors and employees. Pursuant to the Shares for Services Agreements, such directors and employees will ?receive all or a portion of their director fees or wages for the period from January 1, 2024, to ?December 31, 2024 in common shares of the [...]
Rio2 Ltd. reports that, in accordance with the shares for service agreements announced January 25, 2023 and March 27, 2023 , it has agreed to issue 253,273 common shares at a deemed price of $0.38 per share to Directors and Officers of the Company. Under the Shares for Services Agreements, the deemed price per common share to be issued will be no [...]
