Rio2 Ltd. is pleased to announce that further to the news release dated April 8, 2024, it has entered into an amending agreement with Eight Capital, as agent, to upsize the previously announced private placement. Pursuant to the upsized offering, the Company will issue up to 59,030,000 common shares of the Company at a price of $0.39 per Share for gross proceeds to the Company of up to $23,021,700 . Alex Black, Executive Chairman, stated: "The Company received significant interest from key existing shareholders to participate in financing our Company at this stage of its development, far exceeding the $10 million maximum amount first announced. In my opinion, this strong ?show of support validates the robustness and quality of the Fenix Gold Project and the completion of the ...