July 23 (Reuters) - Rio2 Ltd RIO.V :
* RIO2 LIMITED ANNOUNCES C$17.5 MILLION BOUGHT DEAL PRIVATE PLACEMENT LED BY A C$9.2 MILLION INVESTMENT FROM ERIC SPROTT
* CORMARK SHALL PURCHASE 43.75 MILLION OF CO AT PRICE OF $0.40 PER UNIT, ON A "BOUGHT DEAL" PRIVATE PLACEMENT BASIS
* NET PROCEEDS OF OFFERING WILL BE USED TO COMPLETE ACTIVITIES FOR CO'S FENIX GOLD PROJECT
* ON COMPLETION OF OFFERING, ERIC SPROTT WILL OWN 19.9% OF ISSUED AND OUTSTANDING SHARES OF CO