Rio Silver closes $3M private placement, Sprott takes 10% stake
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VANCOUVER - Rio Silver Inc. (TSX.V:RYO) (OTC:RYOOF) completed a non-brokered private placement today, raising $3 million through the issuance of 8,571,429 units at $0.35 per unit, according to a press release statement. The placement price represents a premium to the current stock price of $0.27, which has declined 13% over the past week despite posting a 196% return over the last year.
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