Rio Grande Resources Announces Significant Private Placement

Rio Grande Resources Ltd. revealed a non-brokered private placement aiming to generate up to $2,500,000 through the sale of 12,500,000 units at $0.20 each. Each unit comprises one common share and one warrant, allowing the purchase of additional shares at $0.40 within 24 months.

Directors and officers might partake in this transaction, aligning with Multilateral Instrument 61-101's related party transaction guidelines. Proceeds will primarily support exploration and general corporate needs. All securities will adhere to a hold period as per Canadian regulations.

The private placement is set to close around August 24, 2026. Securities won't be registered under U.S. laws, restricting U.S.-based offers or sales. Finders' fees might apply, following Canadian Securities Exchange policies.