Reyna Silver - RSNVF STOCK NEWS

Reyna Silver Corp (TSXV:RSLV)(OTCQX:RSNVF) has completed the second tranche of its non-brokered private placement, raising CAD$1,607,992.50 through the issuance of 21,439,900 Units at CAD$0.075 per Unit. Each Unit includes one common share and one warrant exercisable at CAD$0.12 for 36 months.

Combined with the first closing of CAD$1,116,749.93, the total raised to date is CAD$2,724,742.43 from 36,329,899 Units. Company insiders participated by subscribing for 15,699,999 Units totaling CAD$1,177,499.93. The company paid finder's fees of CAD$96,865.73 and issued 1,271,543 Finder Warrants.

The proceeds will fund ongoing exploration, maintenance and development of company properties, and general working capital purposes. All securities issued are subject to a hold period until June 15, 2025.

Reyna Silver Corp (TSXV:RSLV)(OTCQX:RSNVF) has completed the first tranche of its non-brokered private placement, raising CAD$1,116,749.93 through the issuance of 14,889,999 Units at CAD$0.075 per Unit. Each Unit includes one common share and one warrant, exercisable at CAD$0.12 for 36 months.

Company insiders participated significantly, subscribing for 13,939,999 Units worth CAD$1,045,499.93. The company paid CAD$3,937.50 in finder's fees and issued 52,500 Finder Warrants. All securities are subject to a hold period until June 6, 2025.

The proceeds will be used for exploration, maintenance and development of company properties, working capital, and corporate purposes. Additional closings may follow, subject to TSXV approval.

Reyna Silver Corp. (RSNVF) has announced a non-brokered private placement offering of up to 40,000,000 units at CAD$0.075 per unit, aiming to raise gross proceeds of up to CAD$3,000,000. Each unit consists of one common share and one purchase warrant, with each warrant exercisable at CAD$0.12 per share for 36 months.

The offering is expected to close around February 14, 2025, subject to regulatory approvals. The company plans to use the proceeds for ongoing exploration, maintenance and development of properties, and general working capital. Following recent drill results at Gryphon, the financing will enable expansion of proof-of-concept targets and preparation for further exploration. The company also plans to resume exploration at Batopilas, where previous drilling yielded 9m at 616 g/t silver in 2023.

Reyna Silver (RSNVF) has announced results from its 8-hole, 2,413m drilling program at the Gryphon Summit Project in Nevada. The program, marking the first time Carbonate Replacement Deposit (CRD) mineralization was targeted at Gryphon, revealed CRD mineralization and pathfinders overprinted by gold mineralization in both the Union and Sadler target areas.

Key findings include the identification of silver-bearing CRD mineralization with surrounding gold mineralization, and the discovery of the previously unrecognized IB Unit, known as a significant host rock in major Carlin districts. The drilling program tested combined geochemical, structural, and geophysical anomalies believed to be associated with larger-scale targets at depth.

The project, where Reyna Silver is earning a 70% interest, covers 12,058 hectares and contains both Carlin-type Gold and historically mined CRD mineralization. The company believes the results validate their exploration concept and warrant broader application across the property.

Reyna Silver has successfully completed the acquisition of Reyna Gold through a statutory plan of arrangement. Under the transaction, Reyna Gold shareholders received one Reyna Silver share for every three Reyna Gold shares held. Former Reyna Gold shareholders now hold approximately 10% of Reyna Silver's outstanding shares, while existing Reyna Silver shareholders maintain 90%. Additionally, the companies amended their Gryphon Summit Option Agreement, with Reyna Silver assuming all rights and obligations to earn up to 70% equity interest in the project. The agreement defers certain cash payments due October 31, 2024, to January 31, 2025, in exchange for a $10,000 payment and 100,000 additional RSLV shares.

Reyna Gold Corp. and Reyna Silver Corp. have announced that Reyna Gold shareholders approved the acquisition of Reyna Gold by Reyna Silver at a special meeting on October 8, 2024. The Supreme Court of British Columbia also approved the transaction on October 10, 2024. Under the terms, each Reyna Gold shareholder will receive one Reyna Silver common share for every three Reyna Gold shares held.

The special resolution was approved by a significant majority, with 13,421,540 Reyna Gold shares represented at the meeting. The transaction is expected to close around October 17, 2024, subject to TSXV approval. Following completion, Reyna Gold will be wholly-owned by Reyna Silver, and Reyna Gold's shares are expected to be delisted from the TSXV.

Additionally, Reyna Gold agreed to a debt conversion with certain directors, issuing 838,750 Reyna Gold shares at $0.05 per share to cancel $41,937.50 of outstanding fees.

Reyna Silver Corp. (TSXV:RSLV)(OTCQX:RSNVF)(FRA:4ZC) has amended the terms of its option agreement for the Medicine Springs project in Nevada, USA. The amendment, dated September 30, 2024, modifies the payment schedule with the Optionors, Stephen Sutherland and Herb Duerr. Key changes include:

1. A USD$15,000 cash payment on October 1, 2024
2. Deferral of a USD$150,000 cash payment from October 1, 2024, to February 1, 2025
3. Addition of USD$10,000 in Reyna Silver common shares, payable by February 1, 2025

The revised schedule now requires mandatory payments of USD$150,000 in cash and USD$310,000 in common shares by February 1, 2025. Optional payments include USD$225,000 in cash by February 1, 2025, and USD$150,000 in cash by October 1, 2025. These amendments are subject to TSXV acceptance.

Reyna Silver (TSXV:RSLV, OTCQX:RSNVF) and Reyna Gold (TSXV:REYG, OTCQB:REYGF) have initiated drilling at the Gryphon Summit Project in Nevada, USA. This marks the first-ever Carbonate Replacement Deposit (CRD) targeting at the site, with a planned 3,000-meter program. The companies are earning a 70% interest in the 12,058-hectare Gold, Silver, and Critical Metals project.

Key target areas include:

• Union: Recently acquired patented claims allowing drilling of deeper sulfides
• 007 Zone: Reinterpretation of structures with 20-25 g/t Gold
• Sadler: High-grade Copper (1-11.6% Cu) and Silver (120-1322 g/t Ag) in breccias and veins

The drilling program aims to identify oxidation levels, major potentially mineralized structures, and fundamental ore-system exploration vectors.

Reyna Silver Corp. (TSXV:RSLV, OTCQX:RSNVF) has announced a definitive agreement to acquire Reyna Gold Corp. through a statutory plan of arrangement. The transaction aims to create a premier exploration company with an expanded portfolio of base and precious metals assets in the United States and Mexico. Key highlights include:

- Consolidation of the joint Gryphon Summit Project option
- Acquisition of Reyna Gold's Mexican gold properties
- Creation of a larger entity with increased access to capital
- Elimination of duplicate administrative costs
- 48% premium for Reyna Gold shareholders based on 20-day VWAP

The deal involves a 1:3 share exchange ratio, with Reyna Gold shareholders receiving one Reyna Silver share for every three Reyna Gold shares held. Upon completion, Reyna Gold shareholders will own approximately 10% of the combined entity. The transaction is expected to close in September 2024, subject to regulatory approvals and shareholder vote.