Rio2 Ltd. is pleased to announce the closing of its previously announced and upsized bought deal financing of 86,094,750 subscription receipts of the Company , at a price per Subscription Receipt of C$2.22, for aggregate gross proceeds to the company of C$191,130,345, or approximately US$138 million, which included the full exercise of the Over-Allotment Option. The net proceeds of the Equity Financing will be used to address the cash consideration of the acquisition of the Condestable Mine , and for general corporate and working capital purposes. The Equity Financing was underwritten by Raymond James Ltd. , Stifel Canada, and BMO Capital Markets , the co-lead underwriters and joint bookrunners . The net proceeds from the Equity Financing will be held in escrow pending satisf...