Royal Road and Rio2 Announce Share Acquistion by Rio2
Rio2 Limited (TSX: RIO) has acquired a 15% stake in Royal Road Minerals Limited (OTCQB: RRDMF), purchasing 39,855,000 ordinary shares at $0.115 per share for a total of $4.58 million. The transaction was executed through a block trade on the TSX Venture Exchange.
The companies have entered into an Investor Rights Agreement granting Rio2 the right to maintain its ownership percentage in future equity financings and nominate one board director, provided it maintains at least a 9.5% ownership stake. This strategic partnership brings together Rio2's project development expertise with Royal Road's exploration capabilities, particularly in Colombia and Saudi Arabia.
Rio2 Limited (TSX: RIO) ha acquisito una participazione del 15% in Royal Road Minerals Limited (OTCQB: RRDMF), acquistando 39.855.000 azioni ordinarie a 0,115 dollari per azione per un totale di 4,58 milioni di dollari. La transazione è stata eseguita mediante una operazione in blocco sulla TSX Venture Exchange.
Le società hanno stipulato un Accordo sui Diritti degli Investitori che concede a Rio2 il diritto di mantenere la propria percentuale di proprietà nelle future operazioni di finanziamento azionario e di nominare un amministratore nel consiglio, a condizione che mantenga almeno una quota del 9,5%. Questo partenariato strategico mette insieme l'expertise di sviluppo di progetti di Rio2 con le capacità di esplorazione di Royal Road, in particolare in Colombia e in Arabia Saudita.
Rio2 Limited (TSX: RIO) ha adquirido una participación del 15% en Royal Road Minerals Limited (OTCQB: RRDMF), comprando 39.855.000 acciones ordinarias a 0,115 dólares por acción para un total de 4,58 millones de dólares. La transacción se llevó a cabo mediante una operación en bloque en la TSX Venture Exchange.
Las empresas han firmado un Acuerdo de Derechos de Inversión que otorga a Rio2 el derecho a mantener su porcentaje de propiedad en futuras financiaciones de capital y a designar a un director en la junta, siempre que mantenga al menos un 9,5% de participación. Esta asociación estratégica reúne la experiencia de desarrollo de proyectos de Rio2 con las capacidades de exploración de Royal Road, especialmente en Colombia y Arabia Saudita.
Rio2 Limited (TSX: RIO)는 Royal Road Minerals Limited (OTCQB: RRDMF)에 대해 15%의 지분을 취득했으며, 39,855,000주의 보통주를 주당 0.115달러에 매입해 총액은 4.58백만 달러가 됩니다. 이번 거래는 TSX Venture Exchange의 블록 트레이드를 통해 체결되었습니다.
양사는 투자자 권리 계약을 체결했고, 이에 따라 Rio2는 향후 주식 자금 조달에서 지분 비율을 유지하고 이사회에 한 명의 이사를 임명할 권리를 가지며, 최소 9.5%의 지분을 유지해야 합니다. 이 전략적 파트너십은 Rio2의 프로젝트 개발 전문지식과 Royal Road의 탐사 역량을 결합하며, 특히 콜롬비아와 사우디아라비아에서의 활동을 강조합니다.
Rio2 Limited (TSX: RIO) a acquis une participation de 15% dans Royal Road Minerals Limited (OTCQB: RRDMF), en achetant 39 855 000 actions ordinaires à 0,115 $ par action, pour un total de 4,58 millions de dollars. La transaction a été réalisée par une opération en bloc sur le TSX Venture Exchange.
Les sociétés ont conclu un Accord sur les Droits des Investisseurs qui donne à Rio2 le droit de maintenir son pourcentage de propriété lors des prochaines financements en capitaux et de nommer un administrateur au conseil, à condition de détenir au moins 9,5% de participation. Cette alliance stratégique réunit l'expertise de développement de projets de Rio2 et les capacités d'exploration de Royal Road, notamment en Colombie et en Arabie Saoudite.
Rio2 Limited (TSX: RIO) hat eine 15%-Beteiligung an Royal Road Minerals Limited (OTCQB: RRDMF) erworben, 39.855.000 Stammaktien zu je 0,115 USD pro Aktie für insgesamt 4,58 Millionen USD. Die Transaktion wurde durch einen Blockhandel an der TSX Venture Exchange durchgeführt.
Die Unternehmen haben eine Investor Rights Agreement geschlossen, die Rio2 das Recht einräumt, seinen Eigentumsanteil bei zukünftigen Eigenkapitalfinanzierungen beizubehalten und einen Vorsitzenden des Vorstands zu nominieren, vorausgesetzt, es hält mindestens 9,5% Beteiligung. Diese strategische Partnerschaft verbindet Rio2s Projektentwicklungs-Expertise mit Royal Roads Explorationsfähigkeiten, insbesondere in Kolumbien und Saudi-Arabien.
Rio2 Limited (TSX: RIO) قد استحوذت على حصة قدرها 15% في Royal Road Minerals Limited (OTCQB: RRDMF)، بشراء 39,855,000 سهماً عادية بسعر 0.115 دولار للسهم لإجمالي قدره 4.58 مليون دولار. تمت الصفقة من خلال صفقة كتلة في بورصة TSX Venture Exchange.
وقعت الشركات على اتفاق حقوق المستثمر الذي يمنح Rio2 الحق في الحفاظ على نسبة ملكيته في تمويلات حقوق الملكية المستقبلية وتعيين رئيس مجلس إدارة واحد، بشرط الحفاظ على حصة لا تقل عن 9.5%. تجمع هذه الشراكة الاستراتيجية بين خبرة Rio2 في تطوير المشاريع وقدرات Royal Road في الاستكشاف، خاصة في كولومبيا والسعودية.
Rio2 Limited（TSX: RIO） 已获得 Royal Road Minerals Limited（OTCQB: RRDMF） 的 15% 股权，购买 39,855,000 股普通股，每股价格为 $0.115，总额为 $4.58 百万。此次交易通过 TSX Venture Exchange 的 大宗交易 完成。
双方已签署 投资者权益协议，赋予 Rio2 在未来股权融资中维持持股比例的权利，并在其持股不低于 9.5% 时提名一名董事进入董事会。这一战略伙伴关系将 Rio2 的项目开发专长与 Royal Road 的勘探能力结合起来，特别是在哥伦比亚和沙特阿拉伯的活动。
- Strategic partnership with Rio2, an experienced gold project developer
- Rio2's investment of $4.58 million at $0.115 per share represents significant institutional backing
- Investor Rights Agreement provides framework for continued strategic cooperation
- Access to Rio2's operational expertise and potential support for future development
- 15% ownership by Rio2 represents significant influence by a single shareholder
- Potential dilution risk if Rio2 exercises rights to maintain ownership in future financings
Toronto, Ontario--(Newsfile Corp. - September 29, 2025) - Royal Road Minerals Limited (TSXV: RYR) (OTCQB: RRDMF) ("Royal Road" or the "Company") and Rio2 Limited (TSX: RIO) (OTCQX: RIOFF) (BVL: RIO) ("Rio2") are pleased to jointly announce that Rio2 has acquired 39,855,000 ordinary shares of Royal Road ("Shares") representing approximately
The acquisition formed part of a block trade on the TSX Venture Exchange, transferring the entire shareholding previously held by a single investor to Rio2 and other institutional investors known to both parties.
"We are genuinely delighted to welcome Rio2, under the leadership of Alex Black and Andrew Cox, as our new shareholders and partners," said Tim Coughlin, President and CEO of Royal Road. "Rio2 is a bold and dynamic company with an exceptional record of developing world-class gold projects, and their leadership team bring decades of entrepreneurial and executional excellence. We believe this transition comes at an opportune time and creates a strong platform for mutual growth. Rio2's proactive approach and strategic vision align closely with Royal Road's ambitions and position them as the ideal partner to help drive our next stage of success."
Alex Black, Executive Chairman of Rio2, stated, "I have known Tim Coughlin for over 20 years, and, in my opinion, Tim is one of the best generative geologists on the planet. Tim was a first mover in Colombia 25 years ago and recently a first mover in Saudi Arabia. We view Royal Road's portfolio as geologically attractive and believe it provides us with interesting options for future diversification and growth. For us, this transaction is about optionality – gaining exposure to highly prospective exploration opportunities in new jurisdictions, while maintaining a clear focus on advancing our flagship Fenix Gold Mine in Chile and driving that towards expansion. We are excited to become partners with Royal Road and look forward to supporting the advancement of their assets."
In connection with this acquisition, the Company and Rio2 entered into an investor rights agreement (the "Investor Rights Agreement"), pursuant to which Rio2, provided that it owns at least a
Immediately prior to the acquisition, Rio2 did not own or have control over any of the ordinary shares of the Company. Following the acquisition on September 26, 2025, Rio2 has beneficial ownership, control and direction over an aggregate of 39,855,000 Shares, representing approximately
Rio2 is acquiring the Shares for investment purposes. Rio2 may, from time to time, subject to the Investor Rights Agreement, acquire additional Shares or other securities of Royal Road or dispose of some or all of the Shares or other securities of Royal Road that it owns at such time.
This news release is being issued in connection with the filing of an early warning report (the "Early Warning Report") pursuant to the requirements of National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. The transaction that triggered the requirement to file the Early Warning Report was carried out through a block trade carried out through the facilities of the TSX Venture Exchange. The Early Warning Report will be electronically filed with the applicable securities commission in each jurisdiction where the Company is reporting and will be available under the profile of the Company and Rio2 on SEDAR+ at www.sedarplus.ca. A copy of the Early Warning Report may also be requested by contacting the SVP of Corporate Communications of Rio2 at the telephone number below.
Rio2 Limited Contact Information
Alejandra Gomez
alejandra.gomez@rio2.com
Tel: +1 604 762-8918
701 West Georgia Street, Suite 1500
Vancouver, British Columbia V7Y 1C6
Royal Road Minerals Limited Contact Information
Jessica Martins
jessica.martins@royalroadminerals.com
Tel: +44 1534 887166
Ground Floor, Portman House 32 Hue Street
St Helier, Jersey, Channel Islands JE2 3NR
About Royal Road Minerals Limited:
Royal Road Minerals is a mineral exploration and development company with its head office and technical-operations center located in Jersey, Channel Islands. The Company is listed on the TSX Venture Exchange under the ticker RYR, on the OTCQB under the ticker RRDMF and on the Frankfurt Stock Exchange under the ticker RLU. The Company's mission is to apply expert skills and innovative technologies to the process of discovering and developing copper and gold deposits of a scale large enough to benefit future generations and modern enough to ensure minimum impact on the environment and no net loss of biodiversity. The Company currently explores in the Kingdoms of Saudi Arabia, Morocco and in Colombia. More information can be found on the Company's website www.royalroadminerals.com.
About Rio2 Limited:
Rio2 is a mining company with a focus on development and mining operations with a team that has proven technical skills as well as a successful capital markets track record. Rio2 is focused on taking its Fenix Gold Project in Chile to production in the shortest possible timeframe based on a staged development strategy. Rio2 and its wholly owned subsidiary, Fenix Gold Limitada, are companies with the highest environmental standards and responsibility with the firm conviction that it is possible to develop mining projects that respect the three pillars (Social, Environment, Economics) of responsible development. As related companies, we reaffirm our commitment to apply environmental standards beyond those that are mandated by regulators, seeking to protect and preserve the environment of the territories that we operate in.
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.
Cautionary Statement Regarding Forward-Looking Information
This news release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements regarding the future plans or intentions of Royal Road or Rio2, including any potential future acquisitions or dispositions of securities of Royal Road. Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those anticipated. Readers should not place undue reliance on forward-looking information. Except as required by applicable securities laws, neither Royal Road nor Rio2 undertakes any obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/268294
FAQ
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