Rio2 Limited has announced an increase in their Equity Financing from C$140 million to approximately C$166 million due to strong investor demand. The Underwriters will purchase 74,865,000 Subscription Receipts at a price of $2.22 each. The Equity Financing is expected to close on December 15, 2025, pending TSX approvals. Rio2 is focused on developing the Fenix Gold Project in Chile responsibly and with the highest environmental standards. The Company’s forward-looking information includes details on the Transaction, Condestable Mine operations, Fenix Gold Project expansion, and more, with risks and uncertainties outlined.

Read more at GlobeNewswire: Rio2 Announces Upsize of Previously Announced Bought Deal