Rio2 Limited Grants Stock Options
March 29 2018 - 8:00AM
TORONTO, March 29, 2018 (GLOBE
NEWSWIRE) -- Rio2
Limited ("Rio2" or the
"Company" ) (TSX-V:RIO) announces
today that its Board of Directors has authorized and approved a
grant of 1,250,000 incentive stock options (the "Stock Options") to
directors and officers under its incentive stock option plan (the
"Stock Option Plan"). The Stock Options have an expiry date of
March 29, 2023 and will vest as to 1/3 thereof on each of the
first, second and third anniversaries of grant, in accordance with
the Stock Option Plan. The exercise price of the Stock Options is
Cdn $0.55 per share.
ABOUT
RIO2
Rio2 is building a multi-asset,
multi-jurisdiction, precious metals company focused in the
Americas. With projects in Peru and Nicaragua, Rio2 will continue
pursuing additional strategic acquisitions to compile an attractive
portfolio of precious metals assets where it can deploy its
operational excellence and responsible mining practices to create
value for its shareholders. Rio2 has assembled a highly experienced
executive team to generate significant shareholder value, with
proven technical skills in the development and operations of mines
and capital markets experience. Through its strategy of acquiring
precious metals assets at exploration, development, and operating
stages, the executive team will grow Rio2 and create long-term
shareholder value through the development of high-margin, strong
free-cash-flowing mining operations.
CONTACT
INFORMATION
Alex Black
Chief Executive Officer
alexb@rio2mining.com
416.570.3155
Neither the TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this
release.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Rio2 Limited via Globenewswire
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