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Regency Silver Announces Closing of Private Placement of $2.496M at $0.40 per Share
Regency Silver Announces Closing of Private Placement of $2.496M at $0.40 per Share Can...
About this update from Regency Silver Corp
[{"type":"text","content":"\n \n \n \n Regency Silver Announces Closing of Private Placement of $2.496M at $0.40 per Share\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n April 6, 2023\n \n \n /CNW/ -\n \n Regency Silver Corp.\n \n (\"Regency Silver\" or the \"Company\") (TSXV: RSMX) and (OTCQB: RSMXF) is pleased to announce that it has completed a non-brokered private placement of 6,240,000 common shares at a price of\n \n $0.40\n \n per share for gross proceeds of\n \n CAD$2,496,000\n \n .\n \n \n \n \n \n \n \n \n \n In connection with the closing of the private placement, the Company paid cash finder's fees of\n \n $91,140\n \n .\n \n \n All common shares issued under the private placement will be subject to a four month hold period expiring on\n \n August 7, 2023\n \n , in accordance with applicable Canadian securities laws.\n \n \n The proceeds will be used for ongoing drilling on our flagship Dios Padre property, for property payments on other properties of the Company and for general working capital.\n \n \n The ongoing drill program is designed to follow up on discovery Hole REG 22-01 drilled in 2022.  REG 22-01 yielded\n \n 35.8\n \n metres of\n \n 6.84\n \n g/t gold,\n \n 0.88%\n \n copper and\n \n 21.82\n \n g/t silver.\n \n \n The follow up drill program began on\n \n January 15\n \n \n th\n \n 2023.  The  visual results of the first three holes totaling\n \n 1,974m\n \n of drilling were reported in our\n \n February 23, 2023\n \n news release.\n \n \n Assay results for the first 3 holes of our 2023 drill program are expected by mid April.\n \n \n The data collection portion of the Induced Polarization (IP) program on the Dios Padre property has been completed. The results of the IP program are also expected by mid April.\n \n \n For further details about Regency Silver please visit the Company's website at\n \n www.Regency-Silver.com\n \n .\n \n \n \n ABOUT REGENCY SILVER CORP.:\n \n \n \n Regency Silver is a gold-copper-silver exploration company focused on the Americas. Regency Silver is ...