16:57:02 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Rio Silver Inc (2)
Symbol RYO
Shares Issued 40,192,005
Close 2018-06-13 C$ 0.04
Market Cap C$ 1,607,680
Recent Sedar Documents

Rio Silver to issue 857,879 shares for debt

2018-06-22 20:26 ET - News Release

Mr. Jeffrey Reeder reports

RIO SILVER ANNOUNCES PROPOSED SHARES FOR DEBT TRANSACTION

Rio Silver Inc. intends to settle an aggregate of $42,894 of indebtedness owed to certain arm's-length and non-arm's-length creditors through the issuance of an aggregate of 857,879 common shares at a deemed issuance price of five cents per common share, of which 497,200 common shares will be issued to non-arm's-length creditors. All common shares issued to settle the debt will be subject to a hold period of four months and one day from the date of issuance. The transaction is subject to TSX Venture Exchange approval. Completion of the transaction will allow the company to improve its current working capital deficiency position.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.