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Regency Silver Closes $1,268,655 First Tranche of Private Placement

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Regency Silver has completed the first tranche of a non-brokered private placement, raising $1,268,655 through the issuance of 8,457,706 units at $0.15 per unit. Each unit includes one common share and one warrant exercisable at $0.25 for two years. The company paid $24,330 in finder's fees and issued 162,200 broker warrants. The warrants include an acceleration clause if shares trade above $0.50 for 10 consecutive days. Proceeds will fund exploration, development, and working capital. Securities are subject to a four-month hold period.

Regency Silver ha completato la prima tranche di un collocamento privato non mediato, raccogliendo $1.268.655 attraverso l'emissione di 8.457.706 unità a $0,15 per unità. Ogni unità include un'azione comune e un warrant esercitabile a $0,25 per due anni. L'azienda ha pagato $24.330 come commissioni per i ricercatori e ha emesso 162.200 warrant per broker. I warrant includono una clausola di accelerazione se le azioni vengono scambiate sopra $0,50 per 10 giorni consecutivi. I proventi serviranno a finanziare esplorazioni, sviluppi e capitale circolante. I titoli sono soggetti a un periodo di blocco di quattro mesi.

Regency Silver ha completado la primera parte de una colocación privada no mediada, recaudando $1,268,655 a través de la emisión de 8,457,706 unidades a $0.15 por unidad. Cada unidad incluye una acción ordinaria y una opción que se puede ejercer a $0.25 durante dos años. La empresa pagó $24,330 en comisiones a intermediarios y emitió 162,200 opciones para corredores. Las opciones incluyen una cláusula de aceleración si las acciones cotizan por encima de $0.50 durante 10 días consecutivos. Los ingresos se destinarán a financiamiento de exploración, desarrollo y capital de trabajo. Los valores están sujetos a un periodo de bloqueo de cuatro meses.

Regency Silver는 중개인 없는 비공식 사모 방식으로 첫 번째 분배를 완료하였으며, $1,268,655를 조달하였습니다. 이번 조달은 유닛 8,457,706개를 유닛당 $0.15에 발행하여 이루어졌습니다. 각 유닛은 하나의 보통주와 2년 동안 $0.25에 행사 가능한 하나의 워런트를 포함합니다. 회사는 중개인 수수료로 $24,330을 지급하였으며, 162,200개의 중개 워런트를 발행했습니다. 이러한 워런트는 주식이 연속해서 10일 동안 $0.50 이상 거래되면 가속 조항이 포함되어 있습니다. 조달된 자금은 탐사, 개발 및 운영 자본에 사용됩니다. 증권은 4개월의 보유 기간에 적용됩니다.

Regency Silver a terminé la première tranche d'un placement privé non intermédiaire, levant 1 268 655 $ par l'émission de 8 457 706 unités au prix de 0,15 $ par unité. Chaque unité comprend une action ordinaire et un bon de souscription exerçable à 0,25 $ pendant deux ans. La société a versé 24 330 $ en frais de recherche et a émis 162 200 bons de souscription pour les courtiers. Les bons de souscription incluent une clause d'accélération si les actions se négocient au-dessus de 0,50 $ pendant 10 jours consécutifs. Les revenus serviront à financer l'exploration, le développement et le fonds de roulement. Les titres sont soumis à une période de blocage de quatre mois.

Regency Silver hat die erste Tranche einer nicht vermittelte Privatplatzierung abgeschlossen und dadurch 1.268.655 $ durch die Ausgabe von 8.457.706 Einheiten zu je 0,15 $ pro Einheit gesammelt. Jede Einheit umfasst eine Stammaktie und einen Warrant, der zwei Jahre lang zu 0,25 $ ausgeübt werden kann. Das Unternehmen zahlte 24.330 $ an Vermittlungsgebühren und gab 162.200 Broker-Warrants aus. Die Warrants enthalten eine Beschleunigungsklausel, wenn die Aktien 10 aufeinanderfolgende Tage über 0,50 $ gehandelt werden. Die Erlöse werden für Erkundung, Entwicklung und Betriebskapital verwendet. Die Wertpapiere unterliegen einer viermonatigen Haltedauer.

Positive
  • Successfully raised $1,268,655 in new capital
  • Warrants provide potential for additional future funding at $0.25 per share
Negative
  • Share dilution through issuance of 8,457,706 new units
  • Additional dilution potential from warrants if exercised

VANCOUVER, BC / ACCESSWIRE / November 28, 2024 / Regency Silver Corp. ("Regency Silver" or the "Company") (TSXV:RSMX)(OTCQB:RSMXF) is pleased to announce that it has completed the first tranche of a previously announced non-brokered private placement for total proceeds of $1,268,655.

Regency Silver has issued 8,457,706 units at a price of $0.15 per unit on this first tranche closing for gross proceeds of CAD$1,268,655. Each Unit is comprised of one common share of the Company and one share purchase warrant (the "Warrants"). Each Warrant entitles the holder to acquire one additional common share in the capital of the Company at a price of CAD$0.25 per share for a period of two years following the date of issuance. The Warrants are subject to the right of the Company to accelerate the exercise of the warrants if the shares of the Company trade at a closing price above CAD$0.50 per share for 10 consecutive trading days.

In connection with this closing, the Company paid cash finder's fees of $24,330 and issued 162,200 broker warrants. Each broker warrant will entitle the holder to purchase one common share of the Company at a price of CAD$0.25 per share for a period of two years from the date of issuance and is subject to the acceleration clause.

All securities issued under the private placement will be subject to a four month hold period in accordance with applicable Canadian securities laws.

The proceeds will be used for exploration and development of the Company's properties and general working capital.

The Company expects to complete the balance of the private placement shortly.

For further details about Regency Silver please visit the Company's website at www.Regency-Silver.com.

Contact Information

Regency Silver Corp.

Bruce Bragagnolo, Executive Chairman
Phone: 1-604-417-9517
Email: bruce@regency-silver.com

Gijsbert Groenewegen, Chief Executive Officer
Phone: 1-646-247-1000
Email: gijs@regency-silver.com

ABOUT REGENCY SILVER CORP.:

Regency Silver Corp. is a Canadian resource company exploring for high grade gold, copper, and silver in Mexico. Regency Silver is led by a team of experienced professionals with expertise in both exploration and production. Regency's flagship project is the high grade Dios Padre project in Sonora, Mexico where Regency has made a large, high grade, gold-copper-silver discovery which appears to be a large magmatic-hydrothermal system which widens at depth. Drill results have included 38 metres of 7.36 g/t gold in hole REG 23-21, 36 metres of 6.84 g/t gold, 0.88% copper and 21.8 g/t silver in hole REG 22-01, and 29.4 m of 6.32 g/t gold in hole REG 23-14.

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

SOURCE: Regency Silver Corp.



View the original press release on accesswire.com

FAQ

How much did Regency Silver (RSMXF) raise in its first tranche private placement?

Regency Silver raised CAD$1,268,655 in the first tranche of its private placement through the issuance of 8,457,706 units at $0.15 per unit.

What are the terms of Regency Silver's (RSMXF) warrants in the November 2024 private placement?

Each warrant allows purchase of one common share at CAD$0.25 for two years, with an acceleration clause if shares trade above CAD$0.50 for 10 consecutive days.

How will Regency Silver (RSMXF) use the proceeds from the private placement?

The proceeds will be used for exploration and development of the Company's properties and general working capital.

REGENCY SILVER CORP

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