Rio Silver Inc. Completes Transaction With Peruvian Metals Corp.
VANCOUVER, British Columbia, Jan. 15, 2024 (GLOBE NEWSWIRE) — Rio Silver Inc. (TSXV:RYO) (“Rio Silver” or the “Company”) is pleased to announce that the Company has sold its 50% interest in the Palta Dorada Property to Peruvian Metals Corp. (“Peruvian Metals”). The consideration for the sale is $250,000 US with the Company retaining a 3% Net Smelter Royalty (“NSR” or Royalty”). Total payments from the NSR will be capped at $2 million US while the Company is guaranteed $ 250,000 in minimum royalty payments over the next five years.
Related news for (RYOOF)
- Rio Silver Receives Conditional Approval for Acquisition of Mamaniña Exploraciones S.A.C.
- Rio Silver completes Definitive Agreement for the sale of Ninobamba, announces planned restructuring
- Rio Silver Acquires the Minas Maria Norte Project in a Prolific Mining District in Southern Peru
- Rio Silver Completes Agreement with Local Community at Jorimina Project, Peru
- Rio Silver Commences Baseline Environmental Studies