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Rio2 Ltd (2)
Symbol RIO
Shares Issued 257,560,649
Close 2023-01-10 C$ 0.255
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Rio2 grants options to buy 7.5 million shares

2023-01-11 10:59 ET - News Release

Mr. Alex Black reports

RIO2 LIMITED ANNOUNCES GRANT OF INCENTIVE STOCK OPTIONS

Rio2 Ltd. has granted 7.5 million incentive stock options to purchase Rio2 common shares to directors, officers, employees and consultants, pursuant to the Rio2's stock option plan.

These stock options have an expiry date of Jan. 11, 2028, and will vest one-third thereof on each of the first, second and third anniversaries of grant. Each stock option entitles the holder to purchase one Rio2 common share at a price of 30 cents for a period of five years from the date of grant.

About RIO2 Ltd.

Rio2 is a mining company with a focus on development and mining operations; it has a team that with proven technical skills and a successful capital markets record. Rio2 is focused on taking its Fenix gold project in Chile to production in the shortest possible time frame based on a staged development strategy. Rio2 and its wholly owned subsidiary, Fenix Gold Ltda., 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 and economics) of sustainable development. As related companies, they reaffirm their commitment to apply environmental standards beyond those that are mandated by regulators, seeking to protect and preserve the environment of the territories that they operate in.

We seek Safe Harbor.

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