Private Eye

Off-market insider buying at Rio2 (V:RIO)

Updated Friday Nov 18, 2022 02:16 AM EDT

Alexander Black, CEO and Director, acquired 195,000 Common Shares on a direct ownership basis at a price of $0.650 through a private transaction on November 16th, 2022. This represents a $126,750 investment into the company's shares and an account share holdings change of 1.2%.

Rio2 is in the Gold Sub Industry Group under the Basic Materials Sector.

Rio2 Limited is a Canada-based mining company. The Company's principal business activity is the exploration and development of its Fenix Gold Project in Chile. The Fenix Gold Project is located in Atacama Region, in the Copiapo Province - Chile, specifically in the Maricunga Mineral Belt, approximately 160 kilometers (km) northeast of Copiapo by International Road CH-31 and covers approximately 16,050 hectares (ha) of area. In addition to the Fenix Gold Project in development in Chile, it continues to pursue additional strategic acquisitions where it can deploy its operational and responsible mining practices to build a multi-asset, multi-jurisdiction, precious metals company.

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