* Rio2 Limited (OTCQX:RIOFF [https://seekingalpha.com/symbol/RIOFF]) acquired 39.85M shares of Royal Road Minerals (OTCPK:RRDMF [https://seekingalpha.com/symbol/RRDMF]), representing 15% ownership and becoming an insider.
* The acquisition was part of a block trade on the TSX Venture Exchange, transferring shares from a single investor to Rio2 and other institutions.
* Rio2 paid $0.115 per share, totaling $4.58M for the stake.
* An Investor Rights Agreement gives Rio2 rights to maintain or increase ownership up to 15% and to nominate a board member if holding ≥9.5%.
* Prior to this acquisition, Rio2 held no shares in Royal Road.
* Source: Press release [https://seekingalpha.com/pr/20246904-royal-road-and-rio2-announce-share-acquistion-by-rio2]
MORE ON RIO2 LIMITED
* Rio2 Limited (RIO:CA) Presents at 2025 Precious Metals Summit - Beaver Creek - Slideshow [https://seekingalpha.com/article/4824218-rio2-limited-rio-ca-presents-at-2025-precious-metals-summit-beaver-creek-slideshow]
* Rio2 Limited (RIO:CA) Presents at Precious Metals Summit - Beaver Creek 2025 (Transcript) [https://seekingalpha.com/article/4822345-rio2-limited-rio-ca-presents-at-precious-metals-summit-beaver-creek-2025-transcript]
* Rio2 Constructs The Fenix Gold Mine In Chile; First Ounces In 2026 [https://seekingalpha.com/article/4812456-rio2-constructs-the-fenix-gold-mine-in-chile-first-ounces-in-2026]
* Historical earnings data for Rio2 Limited [https://seekingalpha.com/symbol/RIO:CA/earnings]
* Financial information for Rio2 Limited [https://seekingalpha.com/symbol/RIO:CA/income-statement]
Rio2 acquires 15% stake in Royal Road Minerals, becomes insider investor
Published 1 month ago
Sep 29, 2025 at 12:08 PM
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