Rio2 Sells Non-Core Royalty Package for US$5 Million
The Royalty Sale provides for the sale of Rio2s 1.5% royalty on the Anocarire Project and its 1.25% royalty on the Horizonte Project, both located in Chile.
- The Royalty Sale provides for the sale of Rio2s 1.5% royalty on the Anocarire Project and its 1.25% royalty on the Horizonte Project, both located in Chile.
- Alex Black, President & CEO of Rio2 Limited, stated, We are sincerely thankful to Osisko Gold Royalties for their support during this time of challenging market conditions.
- The monetization of these non-core royalty interests provides Rio2 with a welcome boost to its balance sheet and working capital.
- The Royalty Sale is subject to customary conditions precedent and is expected to close in the coming days.