Rio Grande Resources Announces Non-Brokered Private Placement
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Rio Grande Resources Announces Non-Brokered Private
Placement
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DESSIMINATION IN THE UNITED
STATES
VANCOUVER, British Columbia, May 30, 2025 – Rio Grande Resources Ltd. (CSE: RGR,
OTCPINK: RGRLF) (“Rio Grande” or “RIO” the “Company”), is pleased to announce non-brokered
private placement of up to 13,328,900 units of the Company (each a “Unit”) at a price of $0.10 per
Unit for gross proceeds of up to $1,332,890 (the “Private Placement”).
Each Unit will consist of one common share (each, a “Share”) and one transferrable common
share purchase warrant (each, a “Warrant”). Each Warrant entitles the holder to purchase one
additional Share of the Company at a price of $0.20 per Share for a period of 30 months from the
date of issuance.
Directors and officers of the Company may acquire securities under the Private Placement, which
will be considered a “related party transaction” as defined under Multilateral Instrument 61-101
(“MI 61-101”). Such participation is expected to be exempt from the formal valuation and minority
shareholder approval requirements of MI 61-101.
The net proceeds from the Placement will be allocated towards exploration activities and for
general corporate purposes. In accordance with the regulations of the Canadian Securities
Exchange (“CSE”). All securities issued pursuant to the Private Placement will be subject to a hold
period of four months and one day as required under applicable securities legislation.
Closing of the Private Placement is expected to occur on or around June 06, 2025.
The securities offered under the Private Placement have not been, nor will they be, registered under
the U.S. Securities Act, as amended, or any state securities law, and may not be offered, sold or
delivered, directly or indirectly, within the United States, or to or for the account or benefit of U.S.
persons, absent registration or an exemption from such registration requirements. This news
release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any
sale of securities in any state in the United States in which such officer, solicitation or sale would be
unlawful.
About Rio Grande Resources
Rio Grande Resources (CSE:RGR) is a burgeoning mineral exploration company focused on
unlocking the high-grade gold and silver potential within its 3,000-acre drill-ready property in the
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Black Range of Sierra County, New Mexico. The company holds 100% interest in the Winston
project group, which includes the 2 patented historic Ivanhoe & Emporia Claims, and Little Granite
mines, all known for their past production of high-grade precious metals. Rio Grande Resources is
led by a team of experienced professionals with expertise in mineral exploration and development,
who are targeting large-scale precious metal discoveries within the property’s well-documented
low-sulfidation epithermal setting.
To view the company fact sheet and corporate presentation, please visit our website
at www.riogranderesources.ca.
Contact and Information
Company
Jason Barnard, President CEO and Director
(604) 767-6598
Investor Relations Contact
Lucas A. Zimmerman & Ian Scargill
MZ Group - MZ North America
(262) 357-2918
www.mzgroup.us
Follow us or contact us on social media
X: @RioGrandeRGR
LinkedIn: https://www.linkedin.com/company/rio-grande-resources-ltd/
Facebook: facebook.com/profile.php?id=61572800435230
Forward-Looking Statements
Except for the statements of historical fact contained herein, the information presented in this
news release and oral statements made from time to time by representatives of the Company are or
may constitute “forward-looking statements” as such term is used in applicable United States and
Canadian laws and including, without limitation, within the meaning of the Private Securities
Litigation Reform Act of 1995, for which the Company claims the protection of the safe harbor for
forward-looking statements. Such forward-looking statements and forward-looking information
include, but are not limited to, the Company’s expectations with respect to the Private Placement;
the use of proceeds under the Private Placement; completion of the Private Placement and the date
of closing. These statements relate to analyses and other information that are based on forecasts
of future results, estimates of amounts not yet determinable and assumptions of management. Any
other statements that express or involve discussions with respect to predictions, expectations,
beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not
always, using words or phrases such as “expects” or “does not expect, ” “is expected, ” “anticipates”
or “does not anticipate, ” “plans, ” “estimates” or “intends, ” or stating that certain actions, events or
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results “may, ” “could, ” “would, ” “might” or “will” be taken, occur or be achieved) are not statements
of historical fact and should be viewed as forward-looking statements. Such forward-looking
statements involve known and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by such forward-looking
statements. Such risks and other factors include, among others, the availability of capital to fund
programs and the resulting dilution caused by the raising of capital through the sale of shares,
continuity of agreements with third parties, the satisfaction of the conditions to the Private
Placement, risks and uncertainties associated with the environment and delays in obtaining
governmental approvals, permits or financing. Although the Company has attempted to identify
important factors that could cause actual actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors that cause actions, events or
results not to be as anticipated, estimated or intended. There can be no assurance that such
statements will prove to be accurate as actual results and future events could differ materially from
those anticipated in such statements. Although the Company believes that the expectations
reflected in such forward-looking statements are based upon reasonable assumptions, it can give
no assurance that its expectations will be achieved. Forward-looking information is subject to
certain risks, trends and uncertainties that could cause actual results to differ materially from
those projected. Many of these factors are beyond the Company’s ability to control or predict.
Important factors that may cause actual results to differ materially and that could impact the
Company and the statements contained in this news release can be found in the Company’s filings
on SEDAR+. The Company assumes no obligation to update or supplement any forward-looking
statements whether as a result of new information, future events or otherwise. Accordingly, readers
should not place undue reliance on forward-looking statements contained in this news release and
in any document referred to in this news release. This news release shall not constitute an offer to
sell or the solicitation of an offer to buy securities. Please refer to the Company’s most recent filings
under its profile on SEDAR+ at www.sedarplus.ca for further information respecting the risks
affecting the Company and its business.
The CSE has neither approved nor disapproved the contents of this news release and accepts no
responsibility for the adequacy or accuracy hereof.