Rio Silver Announces Grant of Stock Options
02 May 2024 - 6:30AM
Rio Silver Inc. ("Rio Silver" or the "Company") (TSX.V: RYO) (OTC:
RYOOF) The company announces that it has granted an aggregate of 2
million incentive stock options to directors, officers and
consultants of the company, exercisable at a price of five cents
with the following exercise periods: (i) one year as to 600,000
options; (ii) two years as to 400,000 options; and (iii) five years
as to 1 million options, from the date of grant. The grant of these
options is subject to the approval of the exchange.
About Rio Silver Inc.
Rio Silver is a resource development company that has been
selectively identifying and acquiring precious metal assets that
afford the best possible leverage and returns in anticipation of an
increasingly more favorable precious metals bull market. Our
Peruvian precious metal assets are wholly owned with no royalty
obligations. The Ninobamba area Au/Ag targets are economically
attractive as the mineralization suggests near surface, bulk
mineable open pit targets.
Rio Silver is pleased with our host country as the Government
continues to support mining policies ensuring continued growth and
opportunity throughout Peru.
ON BEHALF OF THE BOARD OF DIRECTORS OF RIO SILVER INC.
“Chris Verrico”
Christopher
Verrico604-762-4448Chris.verrico@riosilverinc.comDirector,
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services
Provider 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 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 statements 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 except as required by applicable
laws.
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