Reyna Silver - RSNVF STOCK NEWS

Reyna Silver Corp. (TSXV:RSLV)(OTCQX:RSNVF) has entered into an Option Agreement with Minquest to acquire the Mineral Hill Project in Eureka County, Nevada. This acquisition includes 8 patented claims and 20 unpatented claims within the company's larger Gryphon Project. Mineral Hill was a significant historic Ag-Pb-Zn CRD producer, with average silver grades of 140 oz/ton (3,968 g/t) in its prime during the 1870s.

The agreement allows Reyna Silver to earn 100% ownership of Mineral Hill by incurring US$1,550,000 in exploration expenditures and making US$1,810,000 in cash payments to Minquest by July 31, 2030. Upon exercising the option, Reyna Silver will grant Minquest a 2.5% NSR royalty, with an option to repurchase 1.25% for US$2,500,000.

Reyna Silver is also preparing to start its 2024 drill program at the Gryphon Project, building on historic work and new geological interpretations.

Reyna Silver has expanded its leadership team by appointing Lauren Megaw as VP of Corporate Development and Bethany Terracina as VP of Investor Relations. Previously, Megaw held the role of Head of Investor Relations while Terracina served as an Investor Relations and Communications Associate. CEO Jorge Ramiro Monroy praised both for their contributions and readiness for these senior roles.

Megaw, with a Geology degree from Stanford, joined Reyna Silver in 2021 and has been involved in multiple projects in Mexico and the USA. Terracina, with experience at Canaccord Genuity and New Pacific Metals Corp., brings a strong background in marketing and investor relations.

The company also announced the grant of 2,950,000 restricted share units (RSUs) to board members and stock options totaling 1,300,000 to the CEO, CFO, Megaw, and Terracina. This move aims to incentivize and retain key personnel. Stock options have an exercise price of $0.135 and various vesting periods.

Reyna Silver Corp. announced the upsizing of its LIFE private placement to 11,066,250 units at $0.16 per unit, raising gross proceeds of $1,770,600. The company closed the offering, issuing 1,987,500 units for $318,000. The funds will support exploration projects and general corporate purposes.

Reyna Silver Corp. has announced an upsized non-brokered listed issuer financing exemption (LIFE) private placement, offering up to 10,625,000 units at $0.16 per unit for gross proceeds of $1,700,000. The first closing raised $1,452,600. The company plans to use the proceeds for exploration projects and general corporate purposes.

Reyna Silver Corp. announces a $1,000,000 CAD listed issuer financing exemption (LIFE) private placement of units. The offering consists of up to 6,250,000 units at a price of $0.16 per unit, with gross proceeds of $1,000,000. Each unit includes one common share and one common share purchase warrant. The company plans to use the funds for a drill campaign at Gryphon in Nevada.

Reyna Silver Corp. increases its non-brokered private placement to approximately $4.6 million due to investor demand. The company closes the final tranche of the LIFE Offering and Concurrent Private Placement, issuing a total of 38,333,334 Units. Insiders participate in the Concurrent Private Placement. The proceeds will fund exploration projects and general corporate purposes.

Reyna Silver Corp. increases non-brokered private placement to meet investor demand, raising up to $2.9 million. Insiders participate in the placement, with plans for subsequent closings. The Company aims to use the funds for exploration projects and general corporate purposes.

Reyna Silver Corp. increases non-brokered private placement to $2.5 million due to investor demand. The Offering includes up to 20,833,333 Units at $0.12 per Unit. Company completes first closing for $1.67 million and plans subsequent closings. Insiders may participate in a Concurrent Private Placement of up to $500,000. The Offering and Concurrent Private Placement will fund exploration projects and general corporate purposes.

Reyna Silver Corp Announces Non-Brokered Private Placement Offering