Common shares and common share purchase warrants of Rio Narcea have begun trading on the Toronto Stock Exchange.
Upon completion of the initial public offering, the company will have 16.3 million common shares and 1.9 million common shares outstanding. Among the properties Rio plans to explore and develop is a gold concession in northwestern Spain. The property hosts two known deposits with probable reserves of 478,700 oz., as well as six other gold exploration targets.
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