- Rio Silver (RYO) will apply to the TSX Venture Exchange for the extension of its outstanding share purchase warrants
- The application seeks to extend the expiry date of a total of 6,400,000 outstanding share purchase warrants issued in May of last year
- These warrants are exercisable at a price of $0.08 per share and are currently set to expire on May 12, 2022
- Subject to regulatory approval, the proposed new date for expiry of the warrants is anticipated to be May 12, 2024
- Rio Silver Inc. is a resource company that acquires precious metal assets
- Rio Silver Inc. (RYO) remained unchanged at $0.055 as of 10:07 AM ET
Rio Silver (RYO) announced plans to apply to the TSXV to extend the expiration of 6.4 million share purchase warrants issued last May.
These warrants are exercisable at a price of $0.08 per share and are currently set to expire on May 12, 2022.
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 warrant share.
Subject to regulatory approval, the proposed new date for the expiry of the warrants will be May 12, 2024.
Rio Silver Inc. is a resource company that has been identifying and acquiring precious metal assets that afford the best possible leverage and returns in anticipation of an increasingly more favourable precious metals bull market.
Rio Silver Inc. (RYO) remained unchanged at $0.055 as of 10:07 AM ET.