Reyna Announces Grant of Stock Options and Share Based Compensation

Rhea-AI Summary

Reyna Silver Corp. has announced the grant of 1,600,000 stock options to directors and executive officers, exercisable at $0.71 per share for five years. Additionally, the company has applied for TSX Venture Exchange approval to issue $299,000 worth of common shares as partial compensation to directors and officers, totaling 388,311 shares based on a thirty-day VWAP of $0.77 as of December 17, 2021. Reyna focuses on silver exploration with projects in Mexico and the US.

Positive

• Grant of 1,600,000 stock options could incentivize management and align their interests with shareholders.
• Share-based compensation amounting to $299,000 reflects a commitment to attract and retain talent.

Negative

• Stock options' exercise price at $0.71 is above the recent VWAP of $0.77, which may limit immediate benefits for executives.
• Issuing shares for compensation could lead to potential shareholder dilution.

VANCOUVER, BC and HONG KONG / ACCESSWIRE / December 17, 2021 / Vancouver and Hong Kong. Reyna Silver Corp. (TSXV:RSLV)(OTCQX:RSNVF)(FSE:4ZC) ("Reyna" or the "Company") announces the grant of incentive stock options for the purchase of an aggregate of 1,600,000 common shares to directors and executive officers of the Company, pursuant to the terms of the Company's Stock Option Plan. Each option is exercisable at $0.71 per share and expire five years from the date of grant.

Reyna also advises that it has made an application to the TSX Venture Exchange for approval of the issuance of $299,000 of its common shares toward partial annual compensation to five directors and officers of the Company. The share compensation will be based on the thirty-day VWAP on closing of December 17, 2021 of $0.77 per share. The grant of shares will equate to 388,311 shares.

On Behalf of the Board of Directors of Reyna Silver Corp.
Jorge Ramiro Monroy
Chief Executive Officer

About Reyna Silver Corp.

Reyna Silver Corp. is a silver exploration company with a robust portfolio of silver assets in Mexico and the US. The Company was built around the Guigui and Batopilas Projects, which formed part of MAG Silver's original IPO portfolio. It is also actively exploring the Medicine Springs project in Nevada, another CRD target and the La Reyna Project in Chihuahua, an epithermal vein project in the historic district of Cusihuriache Reyna's strategy centers around leveraging its expertise in Mexico to explore projects that have the potential for high-grade, district-scale discoveries.

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.

Contact: info@reynasilver.com

SOURCE: Reyna Silver Corp.

View source version on accesswire.com:
https://www.accesswire.com/678313/Reyna-Announces-Grant-of-Stock-Options-and-Share-Based-Compensation

FAQ

What stock options were granted by Reyna Silver Corp. on December 17, 2021?

Reyna Silver Corp. granted 1,600,000 stock options to directors and executive officers, exercisable at $0.71 per share.

How much share compensation did Reyna Silver apply for?

Reyna Silver applied for approval to issue $299,000 worth of common shares as partial compensation.

What is the total number of shares issued as compensation by Reyna Silver Corp.?

The total number of shares issued as compensation is 388,311 shares.

What is Reyna Silver Corp.'s stock symbol?

Reyna Silver Corp.'s stock symbol is RSNVF.