Rio Silver Inc. settled $293,250 of debts by issuing 1,396,428 common shares at $0.21 per share and 420,238 share purchase warrants at $0.28 per share, with a hold period until May 1, 2026. This move aims to improve the company’s working capital deficiency. Rio Silver focuses on high-grade silver assets in Peru.

With a seasoned team and a clear development strategy, Rio Silver Inc. (TSX-V: RYO | OTC: RYOOF) is advancing silver-dominant assets in Peru, the world’s second-largest silver producer. The company aims to become one of Peru’s emerging silver producers by focusing on near-term development opportunities within proven mineral belts.

President and CEO Chris Verrico leads Rio Silver Inc., which can be reached at (604) 762-4448 or [email protected]. Visit their website at www.riosilverinc.com for more information. The TSX Venture Exchange and its Regulation Services Provider do not accept responsibility for the release’s adequacy or accuracy.

This news release contains forward-looking statements subject to risks and uncertainties. While based on reasonable assumptions, actual results may differ due to factors like market prices, exploration successes, and economic conditions. Readers are advised to evaluate uncertainties independently, as the company does not obligate itself to update forward-looking statements.

Read more at GlobeNewswire: Rio Silver Inc. Completes Securities for Debt Transaction