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Rio2 Ltd V.RIO

Alternate Symbol(s):  RIOFF

Rio2 Limited is a Canada-based mining company with a focus on development and mining operations. The Company is focused on its Fenix Gold Project in Chile. The Fenix Gold Project, 37,291 hectares, is located in Atacama Region, in the Copiapo Province, Chile, specifically in the Maricunga Mineral Belt, approximately 160 kilometers northeast of Copiapo by International Road CH-31. It is an undeveloped gold heap leach project in the Americas. The Fenix Gold is a mining district that contains over 70 million ounces of gold and hosts the La Coipa and Refugio mines, as well as the Volcan, Caspiche, Lobo Marte and Cerro Casale deposits. The Company’s subsidiary is Fenix Gold Limitada.


TSXV:RIO - Post by User

Bullboard Posts
Post by RockLobster1on Jul 11, 2018 10:49am
84 Views
Post# 28299437

on the IKN blog today

on the IKN blog today

7/10/18

Van Eck has been buying Atacama Pacific (ATM.v)

 

 

According to the RegF today, Van Eck (the ETF people) have added 4m shares of Atacama Pacific (ATM.v) to their holdings. Which is interesting, considering that next week the shareholder approval meetings happen for the merger between ATM and Rio2 Ltd (RIO.v). This from the SEDAR filing today:
As of June 30, 2018, the holdings of the ETF Business Unit over which VEAC has investment authority is 15,230,200 common shares of the Issuer, representing a security holding percentage of approximately 17.83%, assuming approximately 85,404,244 total issued and outstanding common shares.
 
Also interesting is how Beacon Securities has beaten all other sell side brokerages to the punch on Rio2 and opened coverage on Rio2 today, with a buy call and a target price of $1.75.

Bullboard Posts