Rio2’s Financing of Fenix Gold Project

Guerrero Olivos advised Rio2 on the transaction

Rio2 Limited (TSXV: RIO; OTCQX: RIOFF; BVL: RIO) has arranged mine construction financing totaling approximately US$125 to US$135 million to finance the construction of a mine at its 100%-owned Fenix Gold Project in Chile.

The Mine Financing Package is comprised of the following components: Non-binding term sheet with Wheaton Precious Metals International Ltd. for a US$50 million Gold Purchase Agreement).

BNP Paribas appointed as mandated lead arranger for a senior project debt facility of US$50-60 million.

Marketed public offering of common shares of the Company for gross proceeds of approximately C$25 million (approximately US$19.6 million), at a price per share to be determined in the context of the market with a syndicate of underwriters co-led by Scotiabank, CIBC Capital Markets and Raymond James.

Non-Brokered private placement of common shares of the Company to WPMI or an affiliate for proceeds of US$5 million at a price per share equal to, and concurrent with, the Offering

Guerrero Olivos advised RIO 2 with a team including Juan Enrique Allard (Picture), Socios Alejandro Chechilnitzky, Miguel Coddou, Pedro Lyon and  Benjamín Pérez, Jerónimo Zabala and María José Morales.

Involved fees earner: Juan Enrique Allard – Guerrero Olivos; Alejandro Chechilnitzky – Guerrero Olivos; Miguel Coddou Astrain – Guerrero Olivos; Pedro Lyon – Guerrero Olivos; María José Morales – Guerrero Olivos; Benjamín Pérez Arrieta – Guerrero Olivos; Jerónimo Zabala – Guerrero Olivos;

Law Firms: Guerrero Olivos;

Clients: Rio2 Ltd;