Rio Silver Modifies Agreement with Maria Norte
Rio Silver Inc., a resource development company focused on acquiring precious metal assets for near-term cash flow, has announced amended terms for the acquisition of the Maria Norte Project from Peruvian Metals Corp. The updated terms come after a series of adjustments, as revealed on August 12, 2025.
The key changes include the elimination of the net smelter royalty to Peruvian Metals Corp., adjustments in the payment securities, and the reclassification of semiannual payments. Under the new terms, Rio Silver will issue 3,000,000 shares and 1,000,000 share purchase warrants to Peruvian. Each warrant is exercisable at $0.15 per share for a period of two years following Exchange approval. A cash payment of US$22,500 will also be made to Peruvian.
The semiannual payments of US$25,000 each, totaling US$250,000, will remain unchanged but will now be categorized as "Option Payments" due to the removal of the net smelter royalty.
Christopher Verrico, President and CEO of Rio Silver, expressed optimism about Peru's mining policies and growth, stating that the company's continuing investment in the country is a testament to this.
All statements within the news release, other than statements of historical fact, are considered forward-looking. Readers are advised to be aware of the uncertainties associated with these statements. Factors that could cause actual results to differ materially from forward-looking statements include market prices, exploitation and exploration successes, availability of capital and financing, and general economic, market, or business conditions.
Rio Silver remains committed to exploration and development plans that are non-dilutive and shareholder-friendly. The company does not assume any obligation to update forward-looking statements except as required by applicable laws.
For more information about Rio Silver Inc., please visit their website at www.riosilverinc.com. For inquiries, you can contact Christopher Verrico at (604) 762-4448 or [email protected].
[1] This news is provided by GlobeNewswire via QuoteMedia.
The amended terms for the acquisition of the Maria Norte Project involve changes in payment securities and the reclassification of semiannual payments, with Rio Silver issuing shares and warrants to Peruvian Metals Corp. and making a cash payment. The semiannual payments will now be categorized as "Option Payments" due to the elimination of the net smelter royalty, demonstrating a shift in the finance aspect of the business deal.
The company, Rio Silver Inc., continues to invest in Peru, a strong market for business opportunities, as indicated by the optimism expressed by President and CEO, Christopher Verrico, regarding the country's mining policies and growth.
