Rio Silver Announces Grant of Stock Options
Rio Silver Announces Grant of Stock Options
VANCOUVER, British Columbia, May 01, 2024 -- 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 Verrico
604-762-4448
Director, 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.