October 15, 2013, Toronto, Ontario, Canada – Rio Silver Inc. (the “Company”) (TSX.V: RYO) announces that it has signed an investor relations contract (the “Contract”) with YES International (the “Consultant”) www.yesinternational.com to provide investor relations and corporate communication services to the Company. The Contract has a term of six months and is subject to receipt of the approval of the TSX Venture Exchange (the “Exchange”). Under the Contract, the Company has agreed to compensate the Consultant by way of a grant of stock options, subject to regulatory approval, exercisable to acquire up to 300,000 common shares of the Company at $0.05 per share for a period of five years from the date of issuance, and reimbursement of certain approved expenses. These options shall be governed by the Company’s stock option plan, vest quarterly over twelve months and comply with Policy 4.4 of the Exchange.
The Consultant and its principal, Richard Kaiser, are located in Virginia Beach, VA, USA and provide investor relation and corporate communication services, are at arm’s length to the Company, and neither party owns any securities of the Company.
ON BEHALF OF THE BOARD OF DIRECTORS OF RIO SILVER INC.
Chief Financial Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
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.
For more information contact:
Jeff Reeder, President, CEO
Tel: (647) 302-3290
Dan Hamilton, Chief Financial Officer
Tel: (416) 479-9546 Ext 404