Rio Silver Inc. Proposes to Extend Warrant Expiry Date
24 April 2024 - 6:15AM
Rio Silver Inc. ("Rio Silver" or the "Company") (TSX.V: RYO) (OTC:
RYOOF) is pleased to announce that it has entered into an
advertising and investor awareness campaign agreement (the
“Agreement”) with Dig Media Inc. dba Investing News Network
(“INN”). INN is a private company headquartered in Vancouver,
Canada, dedicated to providing independent news and education to
investors since 2007.
INN will introduce the Company to INN’s audience
of educated, active investors. Using a variety of methods including
an Enhanced Advertiser Profile, News Marketing, website and
newsletter advertising and dedicated emails, INN will encourage its
audience to engage directly with the Company to consider investing
in the Company. INN does not provide investor relations or
market-making services as defined by TSX Venture Exchange (the
“TSXV”) policies. The engagement is subject to acceptance by the
TSXV.
Under the terms of the Agreement with INN, the
Company has agreed to pay INN $60,000. for the 12-month campaign,
payable in cash in installments of $5,000. per month. INN currently
holds no common shares in the Company.
“We are very pleased to be working with INN to
expand our audience,” stated Chris Verrico, CEO of the Company.
“With their experience in the mining industry and our portfolio of
silver and gold assets, we are confident that they will be able to
help increase awareness of Rio Silver as we move forward into a
precious metals super cycle.”
In addition, the Company announces that it
intends to apply to the TSX Venture Exchange (the
“Exchange”) to amend the terms of a total of
6,400,000 warrants (the “Warrants”) which were
issued in a private placement which closed on May 12, 2020. These
Warrants are exercisable at a price of $0.08 per share and are
currently set to expire on May 12, 2024. The proposed amendment is
limited to the extension of the expiry date of the Warrants without
changes to the exercise price of $0.08 per share. Subject to
regulatory approval, the proposed new date for expiry of the
Warrants is anticipated to be May 12, 2025.
For more information contact:
Christopher Verrico, President, CEO Tel: 604.762.4448Email:
chris.verrico@riosilverinc.com Website:
www.riosilverinc.com
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in 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 within, 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 a guarantee 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 statements include market prices 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 except as
required by applicable laws.
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