Rio Silver Announces Convertible Note Financing

VANCOUVER, British Columbia, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Rio Silver Inc. (“Rio Silver” or the “Company”) (TSX.V: RYO) announces that the Company intends to issue up to $200,000 in convertible notes (the “Notes”) on a non-brokered private placement basis (the “Private Placement”). Each Note will be convertible at the option of the holder into one common share (a “Share”) of the Company at a conversion price of $0.05 per Share during the first year of the Notes and $0.10 during the second year of the Notes.

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