Rio Silver Announces First Closing of Private Placement (Rio Silver Inc)

(Source: Rio Silver Inc) RIO SILVER ANNOUNCES FIRST CLOSING OF PRIVATE PLACEMENT FINANCING February 5, 2015, Toronto, Ontario, Canada - Rio Silver Inc. ("Rio Silver" or the "Company") (TSX.V: RYO) is pleased to announce that it has completed the first tranche of its previously announced $300,000 non-brokered private placement financing (the "Offering"). The first tranche consisted of 3,400,000 units ("Units") at $0.05 per Unit for gross proceeds of $170,000. Each Unit consists of one common share of the Company and one common share purchase warrant (each, a "Warrant") of the Company. Each Warrant will entitle the holder to acquire one...