Rio2 Limited Announces Certain Directors, Employees and Consultants to Receive Shares in Lieu of Salaries

VANCOUVER, British Columbia, Jan. 05, 2023 (GLOBE NEWSWIRE) -- Rio2 Limited ("Rio2" or the "Company") (TSXV: RIO; OTCQX: RIOFF; BVL: RIO) announces that the Company has entered into shares for services agreements (collectively, the "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 (the "Security Based Compensation"), with the remaining amount, if any, to be ‎satisfied in cash.‎

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