October 24, 2016 / 9:47 PM / in a year

BRIEF-Rio silver and Magellan Gold signs a definitive agreement

Oct 24 (Reuters) - Rio Silver Inc -

* Rio Silver and Magellan Gold sign definitive agreement for earn - in at Niñobamba silver/gold project in central Peru

* In order to exercise option, Magellan must spend US$2 million over next 3 years

* Additionally, Magellan is obligated to subscribe for two Rio Silver private placement unit financings of $75,000 each Source text for Eikon: Further company coverage:

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