Reyna Silver - RSNVF STOCK NEWS

Reyna Silver Corp has amended its option agreement regarding the Medicine Springs Project in Nevada, originally set on August 20, 2017. The agreement modification aligns obligations with cash flows, allowing more funds to be invested in the project. CEO Jorge Monroy emphasized the confidence of the Optionors, Stephen Sutherland and Herb Duerr, in the project’s potential. The original financial commitments included cash payments totaling US$950,000 and a minimum work commitment of US$2.7 million. The new terms include an initial cash payment of US$150,000 and additional payments scheduled up to February 2025. The company awaits approval from the TSX Venture Exchange for the amendments.

Reyna Silver Corp (OTCQB:RSNVF) issued a correction to its February 23, 2023 press release regarding a private placement's second tranche. The Offering raised gross proceeds of C$3,011,916 by selling 10,039,720 units at C$0.30 each. The correction highlighted that cash finder's fees amounted to $51,743.62, and 169,563 Compensation Warrants were issued, each exercisable into one unit at $0.30 for 24 months. It also clarified that the Compensation Warrants for the Underwriters are also valid for 24 months, not 36. This news does not offer securities for sale in the United States.

Reyna Silver Corp. has announced promising results from its initial reconnaissance drilling program at the 4,831 hectare Medicine Springs Project in Elko County, Nevada. The four-hole, 1,850m drill program focused on locations like the Golden Pipe and Silver Butte areas, revealing significant high-grade silver mineralization. Notably, drill hole MS22-001 encountered 2.4m grading 1,021 g/t silver, while MS22-002 showed 7.4m averaging 186 g/t silver, including a peak of 274 g/t. The findings affirm Medicine Springs' potential as a major Carbonate Replacement Deposit (CRD) district. Reyna aims to continue drilling later in the year to further explore these results.

Reyna Silver Corp. has successfully acquired a 100% interest in the Medicine Springs Project in Nevada, USA, following acceptance by the TSX Venture Exchange. CEO Jorge Ramiro Monroy expressed confidence in the project, highlighting initial drilling results and expanded land holdings. The company plans to release results from the first four holes of its Phase 1 Drilling Campaign in early Q1 2023. Reyna Silver Corp. is focused on exploring high-grade silver deposits in both Mexico and the USA, with significant properties including Guigui and Batopilas in Mexico.

Reyna Silver Corp. has announced the appointment of Carmen Amezquita to its Board of Directors as part of its commitment to enhancing company diversity. Amezquita, a Chartered Professional Accountant with over 15 years in the resource sector, brings valuable financial reporting expertise from her roles as CFO for several public mining companies. Her background is expected to complement the existing board's expertise in technical, legal, and capital markets, strengthening Reyna's leadership.

Reyna Silver Corp has signed a Definitive Agreement to acquire a 100% interest in the Medicine Springs Project in Nevada from Northern Lights Resources Corp. This acquisition, which involves a cash payment of USD 100,000, issuance of 6 million shares, and a 1% Net Smelter Returns royalty, eliminates previous obligations tied to an 80% interest option. CEO Jorge Ramiro Monroy highlighted the project's potential and confirmed ongoing drilling efforts. The transaction is pending TSX Venture Exchange approval.

Reyna Silver Corp. announced a weather-related pause in its Phase 1 Drilling Program at the Medicine Springs Project in Elko County, Nevada. The company has drilled 1,850 meters across four holes, marking the first drilling in the Silver Butte and Silver King areas. Assay results are pending and expected to be released in early 2023. The project aims to explore Carbonate Replacement Deposits, focusing on stratigraphy, structure, oxidation depth, and geophysics. Reyna expects to resume drilling in the spring.