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Rio Silver Inc. Secures Shareholder Approval for AGM Resolutions, Including Auditor Appointment and Compensation Plan
On Friday, June 12, 2026, Rio Silver Inc. (TSX.V: RYO, OTC: RYOOF) announced that all matters presented at its annual general meeting were approved by shareholders. The company held the meeting in Vancouver, British Columbia, and reported that 13,099,198 common shares—representing 22.24 % of the issued and outstanding common shares—were represented in person or by proxy.
The resolutions approved at the AGM included the election of directors, the ratification of the appointment of the company’s auditor for the year ended December 31 2025, the reappointment of the current auditor, and the approval of a security‑based compensation plan. According to the press release, the board and shareholders agreed on the auditor’s engagement for the 2025‑2026 fiscal year and confirmed the compensation framework for executive and employee securities.
Rio Silver describes itself as a Canadian exploration and development company with a significant insider, friends, and family ownership base. The company’s primary focus remains on Peru, where it continues to review precious‑metal and base‑metal properties. It also maintains an interest in the Gerow Lake critical‑metals project in Ontario. The company said the transaction referenced in the release enables it to complete planned acquisitions that could bring near‑term, cash‑flowing production. The company also indicated that these acquisitions would allow it to pursue similar opportunities in a non‑dilutive, shareholder‑friendly manner.
The press release was signed by Christopher Verrico, Director, President and Chief Executive Officer. It also included a standard disclaimer that the TSX Venture Exchange and its Regulation Services Provider do not accept responsibility for the adequacy or accuracy of the release.
The company’s announcement came after a series of recent developments. In December 2025, Rio Silver completed a 100 % acquisition of the high‑grade Maria Norte silver project in Peru’s Huachocolpa district. The acquisition was highlighted in a technical report that confirmed sampling results for silver, gold, lead, and zinc. In early June 2026, the company announced the acquisition of a second high‑potential silver‑lead‑zinc project in central Peru.
While the press release does not provide details on the specific acquisitions referenced in the AGM resolution, it notes that the company is focused on near‑term development opportunities within proven mineral belts. The company’s portfolio currently consists of two core silver projects in central Peru, which together form the foundation of its pure‑play silver development strategy.
The approval of the security‑based compensation plan is part of Rio Silver’s broader governance framework. The plan is intended to align executive and employee interests with shareholder value and to support the company’s growth objectives.
The auditor appointment, ratified at the AGM, follows the company’s decision to reappoint its current auditor for the 2025‑2026 fiscal year. The appointment was made in accordance with the Companies (Audit and Auditors) Amendment Rules, which require filing of an ADT‑1 form for first auditor appointments.
Rio Silver’s shareholders also elected a new board of directors, although the press release does not list the individual directors. The company’s board will oversee the company’s exploration and development activities, including the management of its Peruvian projects and the Gerow Lake critical‑metals project.
The company’s forward‑looking statements, included in the release, highlight that actual results may differ materially from the expectations expressed. The statements note that factors such as market prices, exploration success, capital availability, and general economic conditions could affect outcomes.
In summary, Rio Silver Inc. confirmed that all AGM resolutions—including auditor appointment, compensation plan approval, and director election—were approved by shareholders. The company remains focused on its Peruvian silver projects and its Ontario critical‑metals project, while positioning itself to pursue future acquisitions in a shareholder‑friendly manner.
The company’s next public disclosures will likely include updates on its Peruvian projects, financial performance for the 2025‑2026 fiscal year, and any further corporate actions such as additional acquisitions or changes to its board or executive team.
The resolutions approved at the AGM included the election of directors, the ratification of the appointment of the company’s auditor for the year ended December 31 2025, the reappointment of the current auditor, and the approval of a security‑based compensation plan. According to the press release, the board and shareholders agreed on the auditor’s engagement for the 2025‑2026 fiscal year and confirmed the compensation framework for executive and employee securities.
Rio Silver describes itself as a Canadian exploration and development company with a significant insider, friends, and family ownership base. The company’s primary focus remains on Peru, where it continues to review precious‑metal and base‑metal properties. It also maintains an interest in the Gerow Lake critical‑metals project in Ontario. The company said the transaction referenced in the release enables it to complete planned acquisitions that could bring near‑term, cash‑flowing production. The company also indicated that these acquisitions would allow it to pursue similar opportunities in a non‑dilutive, shareholder‑friendly manner.
The press release was signed by Christopher Verrico, Director, President and Chief Executive Officer. It also included a standard disclaimer that the TSX Venture Exchange and its Regulation Services Provider do not accept responsibility for the adequacy or accuracy of the release.
The company’s announcement came after a series of recent developments. In December 2025, Rio Silver completed a 100 % acquisition of the high‑grade Maria Norte silver project in Peru’s Huachocolpa district. The acquisition was highlighted in a technical report that confirmed sampling results for silver, gold, lead, and zinc. In early June 2026, the company announced the acquisition of a second high‑potential silver‑lead‑zinc project in central Peru.
While the press release does not provide details on the specific acquisitions referenced in the AGM resolution, it notes that the company is focused on near‑term development opportunities within proven mineral belts. The company’s portfolio currently consists of two core silver projects in central Peru, which together form the foundation of its pure‑play silver development strategy.
The approval of the security‑based compensation plan is part of Rio Silver’s broader governance framework. The plan is intended to align executive and employee interests with shareholder value and to support the company’s growth objectives.
The auditor appointment, ratified at the AGM, follows the company’s decision to reappoint its current auditor for the 2025‑2026 fiscal year. The appointment was made in accordance with the Companies (Audit and Auditors) Amendment Rules, which require filing of an ADT‑1 form for first auditor appointments.
Rio Silver’s shareholders also elected a new board of directors, although the press release does not list the individual directors. The company’s board will oversee the company’s exploration and development activities, including the management of its Peruvian projects and the Gerow Lake critical‑metals project.
The company’s forward‑looking statements, included in the release, highlight that actual results may differ materially from the expectations expressed. The statements note that factors such as market prices, exploration success, capital availability, and general economic conditions could affect outcomes.
In summary, Rio Silver Inc. confirmed that all AGM resolutions—including auditor appointment, compensation plan approval, and director election—were approved by shareholders. The company remains focused on its Peruvian silver projects and its Ontario critical‑metals project, while positioning itself to pursue future acquisitions in a shareholder‑friendly manner.
The company’s next public disclosures will likely include updates on its Peruvian projects, financial performance for the 2025‑2026 fiscal year, and any further corporate actions such as additional acquisitions or changes to its board or executive team.
