21:20:46 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Rio Silver Inc (2)
Symbol RYO
Shares Issued 40,192,005
Close 2018-07-03 C$ 0.035
Market Cap C$ 1,406,720
Recent Sedar Documents

ORIGINAL: Rio Silver to issue 857,879 shares for debt of $42,894

2018-07-05 16:49 ET - News Release

Received by email:

File: Share_for_debt__July2018_TSXV approval_v1.pdf

        RIO SILVER ANNOUNCES COMPLETION OF SHARES FOR DEBT TRANSACTION

July 5, 2018, Toronto, Ontario, Canada   Rio Silver Inc. ("Rio Silver" or the "Company") (TSX.V: RYO)
announces that it has received TSX Venture Exchange approval to settle an aggregate of $42,894 of
indebtedness (the "Debt") 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 $0.05 per common share (the
"Transaction"), 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 expiring on November 5, 2018. Completion of
the Transaction will allow the Company to improve its current working capital deficiency position.




ON BEHALF OF THE BOARD OF DIRECTORS OF RIO SILVER INC.


"Jeffrey Reeder"
President and Chief Executive Officer

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.
This news release includes forward-looking statements that are subject to risks and uncertainties. All statements with
--->in,
other than statements of historical fact, are to be considered forward looking. Although the Company believes the
expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are
not guarantees of future performance and actual results or developments may differ materially from those in forward-
looking statements. Factors that could cause actual results to differ materially from those in forward-looking stateme
--->nts
include market prices, exploitation and exploration successes, continued availability of capital and financing, and
general economic, market or business conditions. There can be no assurances that such statements will prove accurate
and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any
obligation to update any forward-looking statements.

For more information contact:

Jeff Reeder, President, CEO                                                 Steve Brunelle, Chairman
Tel: (647) 302-3290                                                         Tel: (416) 854-2552


                                           Website: www.riosilverinc.com
 


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