RIO2 Limited Issues Shares IN Lieu of Salaries
RIO2 LIMITED ISSUES SHARES IN LIEU OF SALARIES
For Immediate Release April 11, 2023
VANCOUVER, B.C., - Rio2 Limited (“ Rio2” or the “ Company”) (TSXV: RIO; OTCQX: RIOFF; BVL: RIO)
reports that, in accordance with the shares for service agreements announced January 25, 2023 and
March 27, 2023 (the “ Shares for Services Agreements”) , it has agreed to issue 736,151 common
shares at a deemed price of $0.15 per share to Directors and Officers of the Company.
Under the Shares for Services Agreements, the deemed price per common share to be issued will be
no less than the volume weighted average closing price of the Company's common shares on the last
three trading days of each quarter, provided that in any event, the price will not be lower than the
discount permitted under applicable TSX Venture Exchange policies.
All securities issued pursuant to the Shares for Services Agreements will be subject to a hold period
of four months plus one day from the date of issuance thereof in accordance with applicable TSXV
polices and Canadian securities laws.
ABOUT RIO2 LIMITED
Rio2 is a mining company with a focus on development and mining operations with a team that has
proven technical skills as well as successful capital markets track record. Rio2 is focused on taking its
Fenix Gold Project in Chile to production in the shortest possible timeframe based on a staged
development strategy. Rio2 and its wholly owned subsidiary, Fenix Gold Limitada, are companies with
the highest environmental standards and responsibility with the firm conviction that it is possible to
develop mining projects that respect the three axes (Social, Environment, Economics) of sustainable
development. As related companies, we reaffirm our commitment to apply environmental standards
beyond those that are mandated by regulators, seeking to protect and preserve the environment of
the territories that we operate in.
Forward-Looking Statements
Certain information contained in this press release constitutes “forward- looking information”, within
the meaning of applicable securities legislation. Generally, these forward- looking statements can be
identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”,
“is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not
anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events
or results “may”, “could”, “would”, “might” or “will be taken”, “occur”, “be achieved” or “has the
potential to.” Forward -looking statements contained in this press release may include statements
regarding the timing and pricing of the common share issuances. Actual results and outcomes may
differ materially from what is expressed or forecasted in these forward -looking statements. Such
statements are qualified in their entirety by the inherent risks and uncertainties surrounding future
expectations. Among those factors which could cause actual results to differ materially are the
following: regulatory approvals, obtaining the requisite disinterested shareholder approval, market
conditions and other risk factors listed from time to time in our reports filed with Canadian securities
regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release
are made as of the date of this press release and the Company disclaims any intention or obligation to
update or revise any forward- looking statements, whether as a result of new information, future
events or otherwise, except as expressly required by applicable securities legislation.
To learn more about Rio2 Limited, please visit www.rio2.com or Rio2’s SEDAR profile at
www.sedar.com.
ON BEHALF OF THE BOARD OF RIO2 LIMITED
Alex Black
Executive Chairman
Email: [email protected]
Tel: +51 99279 4655
Kathryn Johnson
Executive Vice President, CFO & Corporate Secretary
Email: [email protected]
Tel: +1 604 762 4720
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts the responsibility for the adequacy or accuracy of this
release.