Rio Silver Inc. Proposes to Extend Warrant Expiry Date
Rio Silver Inc. Proposes to Extend Warrant Expiry Date
VANCOUVER, British Columbia, April 23, 2024 -- Rio Silver Inc. ("Rio Silver" or the "Company") (TSX.V: RYO) (OTC: RYOOF)
is pleased to announce that it has entered into an advertising and investor awareness campaign agreement (the “Agreement”)
with Dig Media Inc. dba Investing News Network (“INN”). INN is a private company headquartered in Vancouver, Canada,
dedicated to providing independent news and education to investors since 2007.
INN will introduce the Company to INN’s audience of educated, active investors. Using a variety of methods including an
Enhanced Advertiser Profile, News Marketing, website and newsletter advertising and dedicated emails, INN will encourage its
audience to engage directly with the Company to consider investing in the Company. INN does not provide investor relations or
market-making services as defined by TSX Venture Exchange (the “TSXV”) policies. The engagement is subject to acceptance
by the TSXV.
Under the terms of the Agreement with INN, the Company has agreed to pay INN $60,000. for the 12-month campaign,
payable in cash in installments of $5,000. per month. INN currently holds no common shares in the Company.
“We are very pleased to be working with INN to expand our audience,” stated Chris Verrico, CEO of the Company. “With their
experience in the mining industry and our portfolio of silver and gold assets, we are confident that they will be able to help
increase awareness of Rio Silver as we move forward into a precious metals super cycle.”
In addition, the Company announces that it intends to apply to the TSX Venture Exchange (the “ Exchange”) to amend the
terms of a total of 6,400,000 warrants (the “ Warrants”) which were issued in a private placement which closed on May 12,
2020. These Warrants are exercisable at a price of $0.08 per share and are currently set to expire on May 12, 2024. The
proposed amendment is limited to the extension of the expiry date of the Warrants without changes to the exercise price of
$0.08 per share. Subject to regulatory approval, the proposed new date for expiry of the Warrants is anticipated to be May 12,
2025.
For more information contact:
Christopher Verrico, President, CEO
Tel: 604.762.4448
Email: [email protected]
Website: www.riosilverinc.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture
Exchange) 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 a guarantee 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 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.