Rio2 Limited Issues Shares In Lieu of Salaries
VANCOUVER, British Columbia, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Rio2 Limited (“Rio2” or the “Company”) (TSXV: RIO; OTCQX: RIOFF; BVL: RIO) reports that, in accordance with the shares for service agreements announced January 25, 2023 and March 27, 2023 (the “Shares for Services Agreements”), it has agreed to issue 479,198 common shares at a deemed price of $0.21 per share to Directors and Officers of the Company.
- VANCOUVER, British Columbia, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Rio2 Limited (“Rio2” or the “Company”) (TSXV: RIO; OTCQX: RIOFF; BVL: RIO) reports that, in accordance with the shares for service agreements announced January 25, 2023 and March 27, 2023 (the “Shares for Services Agreements”), it has agreed to issue 479,198 common shares at a deemed price of $0.21 per share to Directors and Officers of the Company.
- Under the Shares for Services Agreements, the deemed price per common share to be issued will be no less than the volume weighted average closing price of the Company's common shares on the last three trading days of each quarter, provided that in any event, the price will not be lower than the discount permitted under applicable TSX Venture Exchange policies.
- All securities issued pursuant to the Shares for Services Agreements will be subject to a hold period of four months plus one day from the date of issuance thereof in accordance with applicable TSXV polices and Canadian securities laws.