CALGARY, ALBERTA -- (Marketwire) -- 12/01/10 -- Rio Alto Mining Limited ('Rio Alto') (TSX VENTURE: RIO)(OTCQX: RIOAF)(BVLAC: RIO)(DB Frankfurt: MS2) is pleased to announce that has closed the second tranche of its previously announced private placement of common shares for gross proceeds of C$6,562,722 (US$6,445,530). At this second closing, a total of 3,906,382 common shares were sold at the issue price of C$1.68
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