Brief: Rio2 Limited Announces C$17.5 Mln Bought Deal Private Placement

Rio2

23/07/2019 15:18

July 23 (Reuters) - Rio2 Ltd  RIO.V :
    * RIO2 LIMITED ANNOUNCES C$17.5 MILLION BOUGHT DEAL PRIVATE
PLACEMENT LED BY A C$9.2 MILLION INVESTMENT FROM ERIC SPROTT
    * CORMARK SHALL PURCHASE 43.75 MILLION OF CO AT PRICE OF
$0.40 PER
UNIT, ON A "BOUGHT DEAL" PRIVATE PLACEMENT BASIS
    * NET PROCEEDS OF OFFERING WILL BE USED TO COMPLETE
ACTIVITIES FOR
CO'S  FENIX GOLD PROJECT
    * ON COMPLETION OF OFFERING, ERIC SPROTT WILL OWN 19.9% OF
ISSUED
AND OUTSTANDING SHARES OF CO

Source text for Eikon:  ID:nCNWxP1WRa 
Further company coverage:  RIO.V 

 ((Reuters.Briefs@thomsonreuters.com;))