Rio Silver Completes Sale of Palta Dorada Ag-Au Property, Peru

VANCOUVER, British Columbia, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Rio Silver Inc. (TSXV:RYO) (“Rio Silver” or the “Company”) is pleased to announce that the Company has received the balance of the $250,000 US cash required for the sale of its 50% interest in the Palta Dorada Au-Ag Property, from Peruvian Metals Corp. (“Peruvian”). Additional consideration for the sale has the Company retaining a 3% Net Smelter Royalty (“NSR” or “Royalty”) on the property. Total payments from the NSR will be capped at $2 million US while the Company is guaranteed US $250,000 in minimum royalty payments over the next five years.

Read more at globenewswire.com