Trends In Market
  • Business
  • World
  • Investing
  • Stocks
  • Business
  • World
  • Investing
  • Stocks

Trends In Market

Investing

Rio Silver to Complete 5:1 Consolidation

by admin June 28, 2025
June 28, 2025
Rio Silver to Complete 5:1 Consolidation

Rio Silver Inc. (the ‘Company’ or ‘Rio Silver’) (TSX.V: RYO) (OTC: RYOOF) announces that, further to the announcement on May 1, 2025, it will consolidate (the ‘Consolidation’) its common shares on the basis of five pre-Consolidation common shares for one post-Consolidation share.

The Company expects that the TSX Venture Exchange (the ‘Exchange’) will issue a bulletin in short order, confirming that the Company’s common shares will then commence trading on a post-Consolidation basis effective on or about the opening of trading on Thursday, July 3, 2025. There will be no change to the Company’s name or trading symbol. The new CUSIP and ISIN numbers for the post-Consolidation shares are 76721A113 and CA76721A1131, respectively.

No fractional common shares will be issued, and fractions of less than one-half of a common share will be cancelled and fractions of at least one-half of a common share will be converted to a whole common share. Outstanding options, warrants and other convertible securities will likewise be adjusted for the Consolidation, with the number of underlying common shares and exercise prices being adjusted accordingly.

The Company currently has 84,832,845 common shares issued and outstanding, and immediately following the Consolidation the Company expects to have, subject to rounding adjustment, approximately 16,966,572 common shares issued and outstanding, none of which are subject to escrow.

Letters of Transmittal will be mailed shortly to registered shareholders who hold share certificates, with instructions for the exchange of existing share certificates for new share certificates. Shareholders holding uncertificated shares (such as BEO, NCI and DRS positions) will have their holdings adjusted electronically by the Company’s transfer agent and need not take any further action to exchange their pre-Consolidation shares for post-Consolidation shares.

The Company expects that the Consolidation will provide the Company with increased flexibility in structuring and completing financings and potential business transactions. Shareholder approval for the Consolidation was received at the Company’s Annual General and Special Meeting of Shareholders held on June 12, 2025, as previously announced on June 25, 2025.

ON BEHALF OF THE BOARD OF DIRECTORS OF Rio Silver INC.
Chris Verrico
Director, President and Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

For further information,

Christopher Verrico, President, CEO
Tel: (604) 762-4448
Email: chris.verrico@riosilverinc.com
Website: www.riosilverinc.com

This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required by applicable laws.

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com

previous post
Freegold Ventures Limited – Results of the Annual General and Special Meeting
next post
Crypto Market Recap: Bitcoin Logs Weakest Monthly Growth in a Year Despite Strong ETF Inflows

Related Posts

Brunswick Exploration

June 19, 2025

Drilling of N.T. Copper-Gold Targets Set to Begin

June 26, 2025

Preparations for Maiden Drill Program at Oasis

June 25, 2025

A$20 Million Placement to Strategic Partner

June 20, 2025

Galan Lithium Limited: A$20 million Placement to Strategic...

June 20, 2025

Ericsson, Rogers Launch Canada’s First Underground 5G Network...

June 21, 2025

Oil Prices Rise, Then Tumble as Iran Retaliates...

June 24, 2025

SPUT’s US$200 Million Uranium Buying Plan Spurs Market...

June 18, 2025

Blue Sky Uranium Acquires Key Subsurface Data for...

July 3, 2025

C29 Metals shifts focus to Mayfield Copper Project

July 2, 2025

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Editors’ Picks

    • 1

      One number could define the Iran-Israel conflict’s outcome

      June 18, 2025
    • 2

      Los Andes Copper

      June 18, 2025
    • 3

      Market Presentation

      June 18, 2025
    • 4

      70 rhinos reared at controversial captive breeding farm set free in Rwanda

      June 20, 2025
    • 5

      Negotiations are ‘meaningless’ unless Israel stops attacks, Iran government spokesperson tells CNN

      June 22, 2025
    • 6

      Tesla agrees to first deal to build China’s largest grid-scale battery power plant

      June 21, 2025
    • 7

      Princess of Wales pulls out of Royal Ascot

      June 18, 2025

    Categories

    • Business (37)
    • Investing (145)
    • Stocks (47)
    • World (147)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 trendsinmarket.com | All Rights Reserved