Rio2 Announces Participation in Royal Road’s Brokered Life Offering
Rio2 invested $2 million in Royal Road Minerals, purchasing 10 million shares at $0.20 per share to participate in Royal Road's Brokered LIFE Offering. The transaction increases Rio2's ownership stake to approximately 16.33%, or 54 million shares, up from a 15% position prior to the deal.
Key figures
- Deal Value Usd
- 2000000
- Shares acquired
- 10000000
- Total shares held post
- 54021667
- Acquisition price per share
- 0.2
- Ownership percent pre transaction
- 15%
- Ownership percent post transaction
- 16.33%
AI analysis
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