Reyna Silver Announces Second Tranche Closing and Upsize to Previously Announced Listed Issuer Financing Exemption  Private Placement Of Units

Reyna Silver Announces Second Tranche Closing and Upsize to Previously Announced Listed Issuer Financing Exemption Private Placement Of Units

Reyna Silver Corp. (TSXV:RSLV)(OTCQX:RSNVF)(FRA:4ZC) ("Reyna" or the "Company") is pleased to announce that, due to investor demand, it has upsized its previously announced non-brokered listed issuer financing exemption (LIFE) private placement. The upsized offering is for up to 11,066,250 units of the Company ("Units") at a price of $0.16 per Unit (the "Issue Price") for gross proceeds of up to $1,770,600 (the "Offering"), increased from the previously announced 10,625,000 Units for gross proceeds of up to $1,700,000. Each Unit will consist of one common share of the Company (a "Common Share") and one common share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one Common Share at an exercise price of $0.24 for a period of 24 months from the date of issuance

The Company is also pleased to announce a final closing of the Offering today, on May 9, 2024, of 1,987,500 Units for gross proceeds of $318,000. The Company will pay a cash finder's fee equal to 7.0% of the gross proceeds raised on certain investments in the first closing for an aggregate fee of $21,700 and will issue 135,625 Finder Warrants (as defined below) to eligible finders.

Closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including acceptance by the TSX Venture Exchange.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the Offering is being made pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the "Exemption"). The securities offered under the Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws. There is a second amended and restated offering document relating to the upsized Offering that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at www.reynasilver.com. Prospective investors should read this offering document before making an investment decision.

In the aggregate, including the previous closing of the Offering announced on May 3, 2024, the Company issued 11,066,250 Units in the Offering for gross proceeds of $1,770,600.

The Company will pay certain eligible finders, including Red Cloud Securities, Haywood Securities, Canaccord Genuity, Ventum Financial, Research Capital and IA Capital Markets, a cash fee of up to 7% of the gross proceeds raised in respect of the Offering from subscribers introduced by such finders to the Company. The Company will also issue to eligible finders such number of finder warrants (each, a "Finder Warrant") equal to 7% of the number of Units sold under the Offering to subscribers introduced by such finders to the Company. The Finder Warrants shall entitle the holder thereof to acquire one Common Share at a price of $0.16 per Common Share for a period of 24 months from the date of issuance. In the aggregate, including the previous closing of the Offering announced on May 3, 2024, the Company will pay finder's fees of $117,222 and will issue 732,638 Finder Warrants. Payment of the finder's fees and issuance of the Finders Warrants is subject to acceptance by the TSX Venture Exchange.

The Company will use the net proceeds of the Offering for the exploration of the Company's Gryphon Summit Project, Guigui Project, Batopilas Project and Medicine Springs Project (as defined below), other exploration work and for general corporate and working capital purposes.

For Further Information, Please Contact:

Jorge Ramiro Monroy, Chief Executive Officer
info@reynasilver.com
www.reynasilver.com

About Reyna Silver Corp.

Reyna Silver is a growth-oriented junior exploration and development company. The Company focuses on exploring for high-grade, district-scale silver deposits in Mexico and the United States. In Nevada USA, the Company has recently entered into an option to acquire 70% of the 10,300-hectare "Gryphon Summit Project" in a 50/50 partnership with Reyna Gold Corp. (TSXV:REYG). The Gryphon Project shows features indicating uniquely superimposed/overprinted Silver-Lead-Zinc-Copper Carbonate Replacement (CRD), Carlin Gold and Critical Metals mineralization. Also in Nevada, the Company is advancing its option to acquire 100% of the "Medicine Springs Project" where the Company is exploring a potentially significant Silver-Lead-Zinc-Copper CRD-skarn-Porphyry system. The Company's Mexican assets are 100% owned and include the "Guigui Project" and "Batopilas Project", both located in Chihuahua State. The Guigui Project covers the interpreted source area for the Santa Eulalia Carbonate Replacement Deposit District and Batopilas covers most of Mexico's historically highest-grade silver system.

Forward Looking Information

This release may contain forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements may include, without limitation, statements relating to the Offering and the use of proceeds therefrom. The forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. All forward-looking statements in this press release are made as of the date of this press release. The forward-looking statements contained herein are also subject generally to assumptions and risks and uncertainties that are described from time to time in the Company's public securities filings with the Canadian securities commissions. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States or any other jurisdiction. No securities may be offered or sold in the United States or in any other jurisdiction in which such offer or sale would be unlawful absent registration under the U.S. Securities Act of 1933, as amended, or an exemption therefrom or qualification under the securities laws of such other jurisdiction or an exemption therefrom.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

SOURCE: Reyna Silver Corp.



View the original press release on accesswire.com

News Provided by ACCESSWIRE via QuoteMedia

RSLV:CA
The Conversation (0)
Reyna Silver Announces First Tranche Closing for $1.45m and Upsize to Previously Announced Listed Issuer Financing Exemption  Private Placement of Units

Reyna Silver Announces First Tranche Closing for $1.45m and Upsize to Previously Announced Listed Issuer Financing Exemption Private Placement of Units

Reyna Silver Corp. (TSXV:RSLV)(OTCQB:RSNVF)(FRA:4ZC) ("Reyna" or the "Company") is pleased to announce that, due to investor demand, it has upsized its previously announced non-brokered listed issuer financing exemption (LIFE) private placement. The upsized offering is for up to 10,625,000 units of the Company ("Units") at a price of $0.16 per Unit (the "Issue Price") for gross proceeds of up to $1,700,000 (the "Offering"), increased from the previously announced 6,250,000 Units for gross proceeds of up to $1,000,000. Each Unit will consist of one common share of the Company (a "Common Share") and one common share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one Common Share at an exercise price of $0.24 for a period of 24 months from the date of issuance

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Reyna Silver Announces $1,000,000 CAD Listed Issuer Financing Exemption  Private Placement of Units

Reyna Silver Announces $1,000,000 CAD Listed Issuer Financing Exemption Private Placement of Units

Reyna Silver Corp. (TSXV:RSLV; OTCQB:RSNVF; FRA:4ZC) ("Reyna" or the "Company") is pleased to announce a non-brokered listed issuer financing exemption (LIFE) private placement of up to 6,250,000 units of the Company ("Units") at a price of $0.16 per Unit (the "Issue Price") for gross proceeds of up to $1,000,000 (the "Offering"). Each Unit will consist of one common share of the Company (a "Common Share") and one common share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one Common Share at an exercise price of $0.24 for a period of 24 months from the date of issuance

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Cobre Limited Logo

Analyst Report Highlights Major Upside in Cobre’s Botswana Copper Play

Description

Cobre Limited (ASX:CBE) is gaining attention for its expansive exploration efforts across highly prospective copper and quartz tenements in Botswana and Western Australia. A recent report by Independent Investment Research (IIR) highlights Cobre’s growing potential in the copper sector, especially within the underexplored yet mineral-rich Kalahari Copper Belt.

Key Highlights from the IIR report:

Botswana: High-grade Copper in Elephant Country

At the core of Cobre’s portfolio is its 100 percent owned Kalahari copper project (KCP) in northwestern Botswana, an emerging global copper hotspot. The project spans 5,393 sq km across four key tenement blocks – Ngami, Okavango, Kitlanya East and Kitlanya West. It sits adjacent to major producing assets owned by Sandfire Resources and MMG, which together hold 7 million tonnes of copper and nearly 300 million ounces of silver in resources.

Keep reading...Show less
Silver bar and stacked coins on reflective surface.

Silver Reserves: Top 5 Countries

Silver investors are usually interested in which countries produce the most ounces of the metal.

After all, if a nation is producing an abundance of the white metal, many mining companies are likely operating there, and profitable investment opportunities may be available.

However, it’s also worth looking at silver reserves, which are a country’s economically mineable silver supply. In general, the world’s largest global silver producers also have high silver reserves that are worth learning about, but some countries with high silver reserves are not mining much of the metal.

Keep reading...Show less
First Majestic Announces Second Gold-Silver Discovery Within a Year at Santa Elena and Expands High-Grade Mineralization at Navidad

First Majestic Announces Second Gold-Silver Discovery Within a Year at Santa Elena and Expands High-Grade Mineralization at Navidad

Santo Niño: A New Gold-Silver Discovery Confirmed 900 Metres South of the Santa Elena Plant.
Navidad: Drilling Expands the Mineral Deposit Footprint and Returns Higher-Grade Gold and Silver.

First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") is pleased to report a second significant discovery of vein-hosted gold and silver mineralization within a year at the Santa Elena property in Sonora, Mexico, and to share additional positive drilling results from the Navidad discovery. The near surface, newly identified Santo Niño vein, located approximately one kilometre south of the Santa Elena mine, marks a significant addition to the district. Resource addition and resource conversion drilling at the Navidad Discovery - completed after maiden Inferred Resource estimate declaration (see news release dated March 31, 2025 substantially increased the size of the mineralized area and several holes returned higher than average grades for the deposit. With the additions of Navidad and Santo Niño, the Santa Elena property now hosts four significant gold-silver deposits: Santa Elena, Ermitaño, Navidad, and Santo Niño, underscoring the growing scale and potential of the district.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Silver bars in a pile on the left on top of a blue grid with a stock price chart in white.

How to Invest in Silver: Buying Bullion, Stocks and More

For investors wondering how to invest in silver, this guide covers the basics of the top options for silver investing: buying silver bullion, silver stocks, silver ETFs and silver futures.

Silver has long been an attractive vehicle not only for storing wealth, but for generating it too. Silver bugs rave about the growth opportunities to be had in a price rally. However, what goes up must come down, and the silver market is prone to deep dives, providing buying opportunities.

Investing in silver and gold is similar, but the nuances of both merit learning about them individually. Silver often trades similarly to fellow precious metal gold, meaning its significantly lower price point offers investors a more affordable method for hedging against volatility. Silver also has growing industrial demand from clean energy and electrification sectors.

Check out our beginner's guide to silver investing below, including links to in-depth guides and silver stock and ETF lists for when you're ready to go deeper.

Keep reading...Show less
Rapid Lithium

Execution of Share Purchase Agreement to Acquire Two Silver Projects in New South Wales

Rapid Lithium Limited (Rapid or Company) is pleased to announce that it has entered into a Share Purchase Agreement (SPA) with Silver Metal Group Limited (SMG) (formerly Thomson Resources Ltd) to acquire all of the shares in two subsidiaries of SMG, being Conrad Resources Pty Ltd and Webbs Resources Pty Ltd (Transaction) for a total consideration of A$6.50 million in cash and shares.

Keep reading...Show less
First Majestic Announces Voting Results from 2025 Annual General Meeting

First Majestic Announces Voting Results from 2025 Annual General Meeting

First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") is pleased to announce the voting results for its Annual General Meeting of Shareholders held on Tuesday, May 20, 2025 in Vancouver, British Columbia (the "2025 AGM"). Each of the matters that were voted upon at the 2025 AGM are described in detail in the Company's Management Information Circular dated April 9, 2025 (the "Circular"), which is available on the Company's website at www.firstmajestic.com or at www.firstmajesticagm.com.

A total of 281,059,326 common shares of First Majestic were represented at the 2025 AGM, representing 57.99% of the Company's issued and outstanding common shares as at the record date for the meeting. Shareholders voted in favour of all matters brought before the 2025 AGM, except the non-binding Say on Pay Advisory Vote. The specific voting results were as follows:

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×