Rio2 Ltd. announces that it has closed its private placement, as announced on April 8, 2024, and April 9, 2024. A total of 59,030,000 common shares of the Company were sold at a price of $0.39 per Share for gross proceeds to the Company of $23,021,700 . The Company entered into an agency agreement with Eight Capital and a syndicate of agents, including Cantor Fitzgerald Canada Corporation, Echelon Capital Markets, Pollitt & Co. Inc. and Raymond James Ltd., under which the Company sold, on a brokered "best efforts" basis, 25,640,000 Shares at the Offering Price pursuant to the listed issuer financing exemption available under Part 5A of National Instrument 45-106 - Prospectus Exemptions and 33,390,000 shares at the Offering Price pursuant to other exemptions under NI 45-106 an...