Reyna Silver Announces 3 Million CAD Private Placement
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 Corp. (RSNVF) ha annunciato un'offerta di collocamento privato non mediato di fino a 40.000.000 di unità a CAD$0,075 per unità, con l'obiettivo di raccogliere proventi lordi fino a CAD$3.000.000. Ogni unità consiste in un'azione comune e in un warrant di acquisto, con ciascun warrant esercitabile a CAD$0,12 per azione per 36 mesi.
Si prevede che l'offerta si chiuda intorno al 14 febbraio 2025, soggetta ad approvazioni regolatorie. La società prevede di utilizzare i proventi per l'esplorazione in corso, la manutenzione e lo sviluppo delle proprietà, e il capitale circolante generale. A seguito dei recenti risultati di perforazione a Gryphon, il finanziamento consentirà l'espansione dei target di prova-concetto e la preparazione per ulteriori esplorazioni. La società prevede inoltre di riprendere l'esplorazione a Batopilas, dove le precedenti perforazioni hanno prodotto 9m a 616 g/t di argento nel 2023.
Reyna Silver Corp. (RSNVF) ha anunciado una oferta de colocación privada no mediada de hasta 40,000,000 de unidades a CAD$0.075 por unidad, con el objetivo de recaudar ingresos brutos de hasta CAD$3,000,000. Cada unidad consiste en una acción ordinaria y un warrant de compra, con cada warrant que se puede ejercer a CAD$0.12 por acción durante 36 meses.
Se espera que la oferta se cierre alrededor del 14 de febrero de 2025, sujeta a aprobaciones regulatorias. La empresa planea utilizar los ingresos para la exploración continua, el mantenimiento y el desarrollo de propiedades, y capital de trabajo general. Después de los recientes resultados de perforación en Gryphon, la financiación permitirá la expansión de los objetivos de prueba-concepto y la preparación para una mayor exploración. La empresa también tiene planes de reanudar la exploración en Batopilas, donde la perforación previa arrojó 9m a 616 g/t de plata en 2023.
Reyna Silver Corp. (RSNVF)는 CAD$0.075에 최대 40,000,000개의 단위를 제공하는 비중개 개인 배치를 발표했으며, 목표 금액은 최대 CAD$3,000,000입니다. 각 단위는 하나의 보통주와 하나의 구매 워런트로 구성되며, 각 워런트는 36개월 동안 CAD$0.12에 행사할 수 있습니다.
이번 제공은 2025년 2월 14일경 마감될 것으로 예상되며, 규제 승인을 조건으로 합니다. 회사는 수익금을 지속적인 탐사, 자산 유지 관리 및 개발, 일반 운영 자본에 사용할 계획입니다. Gryphon에서의 최근 시추 결과에 따라, 이번 재원 조달은 개념 증명 목표의 확장과 추가 탐사를 위한 준비를 가능하게 할 것입니다. 회사는 또한 2023년 9m에 616 g/t의 은을 포함한 이전 시추 결과를 바탕으로 Batopilas에서의 탐사를 재개할 계획입니다.
Reyna Silver Corp. (RSNVF) a annoncé une offre de placement privé sans intermédiaire pouvant aller jusqu'à 40 000 000 d'unités à 0,075 CAD par unité, visant à lever des fonds bruts allant jusqu'à 3 000 000 CAD. Chaque unité se compose d'une action ordinaire et d'un bon de souscription, chaque bon étant exerçable à 0,12 CAD par action pendant 36 mois.
L'offre devrait se clore aux alentours du 14 février 2025, sous réserve des approbations réglementaires. La société prévoit d'utiliser les fonds pour l'exploration continue, l'entretien et le développement des propriétés, ainsi que pour le fonds de roulement général. Suite aux récents résultats de forage à Gryphon, ce financement permettra d'élargir les cibles de preuve de concept et de préparer d'autres explorations. La société prévoit également de reprendre l'exploration à Batopilas, où les forages précédents avaient produit 9m à 616 g/t d'argent en 2023.
Reyna Silver Corp. (RSNVF) hat eine nicht vermittelte Privatplatzierungsangebot von bis zu 40.000.000 Einheiten zu CAD$0,075 pro Einheit angekündigt, mit dem Ziel, einen Bruttoerlös von bis zu CAD$3.000.000 zu erzielen. Jede Einheit besteht aus einer Stammaktie und einem Kaufwarrant, wobei jeder Warrant für 36 Monate zu CAD$0,12 pro Aktie ausgeübt werden kann.
Das Angebot soll voraussichtlich um den 14. Februar 2025 schließen, vorbehaltlich behördlicher Genehmigungen. Das Unternehmen plant, die Erlöse für laufende Erkundungen, Instandhaltung und Entwicklung von Grundstücken sowie für allgemeine Betriebskapital zu verwenden. Nach den jüngsten Bohrergebnissen in Gryphon ermöglicht die Finanzierung die Erweiterung der Machbarkeitstests und die Vorbereitung für weitere Erkundungen. Das Unternehmen plant auch, die Erkundung in Batopilas wieder aufzunehmen, wo frühere Bohrungen 9m bei 616 g/t Silber im Jahr 2023 lieferten.
- Secured potential funding of CAD$3 million through private placement
- Previous drilling success at Batopilas with high-grade silver intercepts (9m at 616 g/t silver)
- Warrants provide additional funding potential at CAD$0.12 per share
- Significant dilution for existing shareholders with 40 million new units being issued
- Offering price of CAD$0.075 per unit indicates relatively low valuation
- Insider participation may raise conflict of interest concerns
VANCOUVER, BC AND HONG KONG / ACCESS Newswire / January 30, 2025 / Reyna Silver Corp. (TSXV:RSLV)(OTCQX:RSNVF)(FRA:4ZC) ("Reyna" or the "Company") is pleased to announce a non-brokered private placement consisting of up to 40,000,000 units (the "Units") at CAD
Following our drill results at Gryphon, we are pleased to announce this financing, which will enable us to expand our proof-of-concept targets and prepare for further exploration targets later this year." said Jorge Ramiro Monroy, CEO of Reyna Silver. "Additionally, with the improved mining environment in Mexico, we look forward to resuming exploration at Batopilas, where we had several high-grade silver intercepts including drilled 9m at 616 g/t silver in 2023."
(See September 3, 2023 Press Release for more information on the drill program)
The Offering is expected to close in one or more tranches with the first closing expected to occur on or about February 14, 2025 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including fulfilling applicable requirements of the TSX Venture Exchange.
The Company may pay finders' fees and issue finder's warrants to eligible finders in accordance with applicable securities laws and the policies of the TSX Venture Exchange.
It is anticipated that insiders of the Company may participate in the Private Placement. The participation of any insiders may be considered a related party transaction within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Private Placement will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities issued to related parties nor the consideration for such securities will exceed
The Company intends to use the proceeds from the Offering for ongoing exploration, maintenance and development of the Company's properties and general working capital and corporate purposes.
Prospectus which can be obtained under the Company's SEDAR+ profile at www.sedarplus.ca.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities referenced in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any applicable state securities laws and may not be offered or sold in the United States or to "U.S. persons" (as such term is defined in Regulation S under the U.S. Securities Act) absent such registration or an applicable exemption from such registration requirements.
For Further Information, Please Contact:
Bethany Terracina, Vice President Investor Relations
bethany@reynasilver.com
www.reynasilver.com
About Reyna Silver Corp.
Reyna Silver is a growth-oriented junior exploration and development company. Reyna Silver focuses on exploring for high-grade, district-scale silver deposits in Mexico and the United States. In Nevada USA, Reyna Silver has entered into an option to acquire
Forward-Looking Information
This press release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this press release. Forward-looking information herein includes, without limitation, those related to the Offering, the use of proceeds, and, more generally, the contents of the above section entitled "About Reyna Silver Corp. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected" "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could, "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the cautionary statements made in the relevant sections of the Company's filings with the Canadian Securities Authorities, copies of which can be found under the Company's profile on SEDAR+. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.
Cautionary Statement
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.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.
SOURCE: Reyna Silver Corp.
View the original press release on ACCESS Newswire
FAQ
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