VANCOUVER, British Columbia, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Rio Silver Inc. ("Rio Silver" or the "Company") (TSX.V: RYO) (OTC:RYOOF), announces it has received "Conditional Approval" from the TSX Venture Exchange to close its upsized non-brokered private placement, as described in the company's press release dated Sept. 25, 2025, for aggregate gross proceeds of $2,200,000.

The offering involved the issuance of 22,000,000 units at a price of 10 cents per unit for gross proceeds to the company of $2,200,000. Each unit consists of one common share and one non-transferable warrant. Each whole warrant is exercisable into one common share at 15 cents per share for three years from closing. If, following the final closing date of the private placement, the company's common shares close at or above 25 cents on the TSX Venture Exchange (or such other exchange on which the shares may trade) for 15 consecutive trading days, the company may accelerate the warrant expiry date by issuing a news release. The warrants would then expire 30 days from the date of that notice.

In connection with the offering and subject to compliance with applicable laws and TSX-V approval, the company will pay ...