September 5, 2014, Toronto, Ontario, Canada – Rio Silver Inc. (“Rio Silver” or the “Company”) (TSX.V: RYO) announces that the TSX Venture Exchange has approved a share consolidation (the “Consolidation”) of the Company’s issued and outstanding share capital of the Company on the basis of five (5) preConsolidation shares to one (1) post-Consolidation share. The Consolidation is necessary under current market conditions to address the regulatory requirements for minimum share price allowance for financing purposes. The Consolidation will increase the Company’s flexibility and competitiveness and make the Company’s securities more attractive to a wider audience of potential investors.
The Consolidation will be effective at the open of the market on Monday, September 8, 2014 (the “Effective Date”). The Company will not change its name as part of the Consolidation, but will issue new share certificates under a new CUSIP number, which is 76721A204. The Company’s common shares will continue to trade on the TSX Venture Exchange under its current symbol “RYO”.
Rio Silver currently has 61,117,849 common shares issued and outstanding. As at the Effective Date, the Company will have 12,223,569 common shares issued and outstanding. Registered shareholders will receive a letter of transmittal from Computershare Investors Services Inc., the Company’s transfer agent, with information on how to replace their old share certificates with the new share certificates. Brokerage firms will handle the replacement of share certificates on behalf of their shareholders’ accounts.
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ABOUT RIO SILVER INC.
Rio Silver Inc. is a Canadian exploration company focused on the exploration and development of its 100% owned Niñobamba precious metal project in Perú and the Gerow Lake exploration project in Northwestern Ontario.
On behalf of Rio Silver Inc.
President and Chief Executive Officer
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 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 forwardlooking 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
Steve Brunelle, Executive Co-Chairman
Tel: (416) 854-2552