Rio2 Limited Announces Upsized Public Offering

VANCOUVER, British Columbia, Oct. 22, 2024 (GLOBE NEWSWIRE) —

Rio2 Limited (“Rio2” or the “Company”) (TSXV: RIO; OTCQX: RIOFF; BVL: RIO) is pleased to announce that it has priced and upsized its previously announced overnight marketed public offering (the “Public Offering”) of common shares (the “Common Shares”) of the Company from up to C$40 million to C$55 million. Overall, 84,615,400 Common Shares will be issued at a price of C$0.65 per Common Share.

This announcement comes as positive news for Rio2 Limited and its shareholders, as the Company is able to raise additional funds through the upsized Public Offering. The increased size of the offering demonstrates strong investor interest in Rio2 and its future prospects.

Impact on Individuals

For individual investors, the upsized Public Offering may present an opportunity to acquire Common Shares of Rio2 at a favorable price. By participating in the offering, investors can gain exposure to the Company’s growth potential and future success.

Impact on the World

The upsized Public Offering by Rio2 Limited reflects a positive outlook for the mining industry as a whole. Increased investment in mining companies such as Rio2 can lead to the development of new projects, job creation, and economic growth in the regions where these companies operate.

Conclusion

In conclusion, Rio2 Limited’s decision to price and upsized its Public Offering is a significant development for the Company and its stakeholders. The increased size of the offering signals confidence in Rio2’s capabilities and future prospects, benefiting both individual investors and the wider mining industry.