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RIOFF / Rio2 receives US$5M from Chilean IVA/VAT refund

Rio2 Limited (TSX-V:RIO, OTCQX:RIOFF) told investors that the Chilean Internal Revenue Service has issued its wholly-owned Chilean subsidiary, Fenix Gold Limitada, a 4.2 billion Chilean peso (US$5.1 million) tax refund which will be used to advance its Fenix Gold Project. While IVA/VAT (Impuestos a Las Ventas (NYSE:VTR) y Servicios/Value Added Tax) refunds are not usually received until after a company has achieved commercial production, the company said Fenix Gold applied for the refund of credits under a special program that allows IVA/VAT paid on expenditures that are capital in nature to be refunded at an accelerated pace. Read More

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Posted: Jun 20 2023, 08:29

Author Name: Proactive Investors

RIOFF News

By Proactive Investors
June 20, 2023

Rio2 receives US$5M from Chilean IVA/VAT refund

Rio2 Limited (TSX-V:RIO, OTCQX:RIOFF) told investors that the Chilean Internal Revenue Service has issued its wholly-owned Chilean subsidiary, Fenix

By Proactive Investors
November 28, 2022

Rio2 Limited says political change in Chile could move Fenix Gold project forward

Rio2 Limited (TSX-V:RIO, OTCQX:RIOFF) said a political shake-up in Chile is positive news for its Fenix Gold project. The company filed an administrat

By Kitco
November 22, 2022

Rio2 sells non-core royalty package, welcomes ‘boost' to its balance sheet and working capital

(Kitco News) - The company said that monetization of non-core royalty interests provides Rio2 with a "welcome boost to its balance sheet and working c

By Proactive Investors
November 22, 2022

Rio2 Limited sells package of non-core Chilean royalty interests to Osisko Gold Royalties for US$5M

Rio2 Limited (TSX-V:RIO, OTCQX:RIOFF) said it has boosted its balance sheet with the sale of a package of non-core royalty interests in Chile to Osisk

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