Rio2 Ltd. today announces that the Chilean Internal Revenue Service has issued Fenix Gold Limitada, Rio2's wholly owned subsidiary in Chile, an IVA/VAT refund in the amount of CLP$4,073,551,385 . In Chile, an IVA/VAT refund is usually not received until after a mining company achieves commercial production. However, Fenix Gold Limitada applied for the refund of IVA/VAT credits under a special program that allows IVA/VAT [...]
Rio2 Ltd. reports that, in accordance with the shares for service agreements announced January 25, 2023 and March 27, 2023 , 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 [...]
Rio2 Ltd. announces that the disinterested shareholders of the Company have approved the security based compensation to non-arms' length parties previously announced on January 5, 2023 at the Company's special meeting of shareholders held earlier today . Further disclosure on the matters approved at the Meeting can be found in the Management Information Circular dated February 15, 2023, on Rio2's SEDAR profile at [...]
Rio2 Ltd. is providing an outline of its plans to complete the financing for the construction of the Fenix Gold Project in Chile. The plan includes appointing an independent financial advisor, completing a Feasibility Study on the development of the Fenix Gold Project, reviewing and restructuring the precious metals purchase agreement with Wheaton Precious Metals International Ltd and re-engaging with lenders for the [...]
Rio2 Ltd. announces that today it granted 7,500,000 incentive stock options to purchase Rio2 common shares to directors, officers, employees and consultants pursuant to the Rio2's Stock Option Plan. These Stock Options have an expiry date of January 11, 2028, and will vest 1/3 thereof on each of the first, second and third anniversaries of grant. Each Stock Option entitles the holder to purchase one Rio2 common share at a [...]
Rio2 Ltd. announces that the Company has entered into shares for services agreements with certain directors, employees, and consultants. Pursuant to the Shares for Services Agreements, such directors, employees and consultants will ?receive all or a portion of their director fees, wages, or consultancy fees for the period from January 1, 2023 to ?December 31, 2023 in common shares of the Company , with the remaining [...]
Rio2 Ltd. announces the results of voting at its Annual and Special General Meeting of Shareholders held on Wednesday, December 14, 2022. A total of 138,787,771 common shares were voted, representing 53.90% of 257,510,649 shares issued and outstanding as of the record date of the meeting. Shareholders voted in favor of all items put forward by the board of directors and management. All six of the individuals nominated for [...]
Rio2 Ltd. wishes to remind its shareholders that its forthcoming Annual General and Special Meeting of shareholders will be held on December 14, 2022, at 2 p.m. EST. This will be an entirely virtual Meeting to be conducted via live webcast where all shareholders, regardless of geographic location, will have an equal opportunity to participate online. Shareholders will not be able to attend the Meeting in person. The [...]
Rio2 Ltd. is providing an update of its activities and a corporate update following the decision to file an administrative appeal before the Ministries Committee on August 31, 2022, to appeal the Atacama Regional Evaluation Commission's decision not to approve the Environmental Impact Assessment for its Fenix Gold Project in Chile. Since August 31, 2022, several positive events have occurred in Chile. CHILE'S [...]
Rio2 Ltd. announces that it has entered into a binding agreement to sell a package of Chilean royalty interests to Osisko Gold Royalties Ltd. for aggregate consideration of US$5,000,000 . The Royalty Sale provides for the sale of Rio2's 1.5% royalty on the Anocarire Project and its 1.25% royalty on the Horizonte Project, both located in Chile. Rio2 is currently in an administrative appeal process with the Chilean [...]
Rio2 Ltd. is providing an update of its activities following the announcement made on July 5, 2022, with respect to the Atacama Regional Evaluation Commission's decision not to approve the Environmental Impact Assessment for its Fenix Gold Project in Chile. The Environmental Qualification Resolution which is the administrative document with which the Environmental Assessment Service , outlines the rationale for their [...]
Rio2 Limited announces that 25,091,950 share purchase warrants, with an exercise price of C$0.50, expired on August 13, 2022. These share purchase warrants were issued in connection with the Company’s 2019 offering of units consisting of common stock and half warrants. Rio2 is a mining company with a focus on development and mining operations with a team that has proven technical skills as well as a successful capital [...]
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