Rio2 Limited announces that it intends to complete a non-brokered private placement offering of Units at a price of $0.46 per Unit for gross proceeds of between $3,000,000 and $5,000,000 . The Company may increase the amount to be raised under the Offering based on market conditions. Each Unit will consist of one common share of the Company and one common share purchase warrant . Each Warrant will entitle the holder [...]
Rio2 Ltd. is pleased to announce drilling results from the first 11 reverse circulation drill holes and 4 surface trenches at its Fenix Gold Project located in the Maricunga region, Chile. The drilling represents 2,236 meters drilled to date of an approximate 7,000-meter drilling program that commenced in late November 2018. The objective of this drilling is to intersect and define east-west structural feeders that the [...]
Rio2 Limited is pleased to announce that a 7,000-meter in-pit drilling program has commenced at its Fenix Gold Project located in the Atacama Region within the well-known Maricunga Mineral Belt. The drilling is focused on the US$728 pit shell as defined in the Project’s Pre-Feasibility Study completed in 2014. As previously announced, the objective of this drilling is to intersect and define east-west structural [...]
Rio2 Limited announces today that Alex Black, the President and Chief Executive Officer of the Company, has purchased a total of 742,500 common shares of the Company over the course of the past 5 days through the facilities of the TSX Venture Exchange. Prior to these purchases, Alex Black owned and controlled 14,414,721 Common Shares, representing approximately 14.0% of the issued and outstanding Common Shares. He now has [...]
Rio2 Ltd. announces today that its Board of Directors has authorized and approved a grant of 1,910,000 incentive stock options to directors, officers, and senior management under its incentive stock option plan . The Stock Options have an expiry date of September 27, 2023 and will vest as to 1/3 thereof on each of the first, second and third anniversaries of grant, in accordance with the Stock Option Plan. The exercise [...]
Rio2 Ltd. is pleased to provide a Corporate Update. Rio2 has chosen to change the name of the Cerro Maricunga Gold Project to the Fenix Gold Project and the name of the Company’s Chilean subsidiary from Minera Atacama Pacific Gold Chile Limitada to Fenix Gold Limitada. The reasons for the name changes are to simplify reference to the project and differentiate it from others that use the word “Maricunga&rdquo [...]
Rio2 Ltd. announces that the Company's common shares have been listed for trading on the Bolsa de Valores de Lima as of the opening of trading on September 7, 2018 under the ticker symbol “RIO”. Kallpa Securities S.A.B. in Lima, Peru acted as Rio2’s sponsoring broker for the BVL listing. Alex Black, President and CEO of Rio2 comments, “We are pleased to list our shares on the Lima Stock Exchange as [...]
Rio2 Ltd. and Atacama Pacific Gold Corp. are pleased to announce that the business combination of Rio2 and Atacama has now been completed by way of a court approved plan of arrangement through which the companies amalgamated as a single entity. The combined company that resulted from the Arrangement will continue to operate under the name “Rio2 Ltd.” and will be managed by Rio2’s existing executive team [...]
TORONTO, July 16, 2018 -- Rio2 Ltd. and Atacama Pacific Gold Corp. are pleased to announce that the shareholders of Rio2 and the shareholders of Atacama Pacific have voted to approve the proposed business combination of Rio2 and Atacama Pacific by way of a Plan of Arrangement announced on May 14, 2018. Rio2 and Atacama Pacific will make application to the Ontario Superior Court of Justice for a final order approving the [...]
July 03, 2018 -- Atacama Pacific Gold Corp. and Rio2 Ltd. wish to provide an update to the joint management information circular of Rio2 and Atacama and the voting requirements for the Atacama shareholder meeting. Both the Rio2 and Atacama shareholder meetings will be held on July 16, 2018 and closing of the transaction is expected on July 24, 2018. Atacama clarifies that an additional 227,000 votes which are attached to [...]
Atacama Pacific Logo TORONTO, June 14, 2018 -- Rio2 Ltd. and Atacama Pacific Gold Corp. are pleased to announce that an interim order from the Ontario Superior Court of Justice has been obtained by Rio2 and Atacama Pacific in connection with the proposed business combination of Rio2 and Atacama Pacific by way of plan of arrangement announced on May 14, 2018. The Interim Order, among other things, authorizes Rio2 and [...]
May 31, 2018 -- Rio2 Ltd. is pleased to announce that that it has closed its previously announced offering of 10,000,000 subscription receipts at a price of $1.00 per Subscription Receipt for gross proceeds to Rio2 of $10,000,000 . The Offering was completed in connection with the previously announced proposed business combination of Rio2 and Atacama Pacific Gold Corp. . On the date of the announcement of the Transaction [...]
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