Business
Regency Silver announces early exercise of 100% interest in the Dios Padre Property
Regency Silver announces early exercise of 100% interest in the Dios Padre Property ...
About this update from Regency Silver Corp
[{"type":"text","content":"\n \n \n \n Regency Silver announces early exercise of 100% interest in the Dios Padre Property\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 Oct. 7, 2022\n \n \n /CNW/ -\n \n Regency Silver Corp.\n \n (\"Regency Silver\" or the \"Company\"), (TSXV: RSMX) (OTCQB: RSMXF) is pleased to announce that it has entered into an option exercise agreement (the \"Agreement\") with\n \n Minera Pena Blanca\n \n , S.A. de C.V. (\"Minera Pena\") pursuant to which\n \n Minera Pena\n \n has agreed to waive the last exploration expenditure of\n \n US$250,000\n \n required to exercise the option for a 100% interest in the Dios Padre property in\n \n Mexico\n \n . Consideration for the early exercise is the issuance of 300,000 common shares in the capital of the Company (the \"Common Shares\") at a deemed price of\n \n $0.245\n \n per share. The completion of the transactions contemplated by the Agreement remains subject to all regulatory approvals, including the approval of the TSX Venture Exchange (the \"Exchange\") which must be obtained by\n \n October 20, 2022\n \n . The Common Shares to be issued in connection with the Agreement will be subject to a four month hold period from the date of issue in accordance with applicable securities legislation.\n \n \n \n \n \n \n \n \n \n The Company is also pleased to announce that the Exchange has accepted the Company's engagement of M Partners Inc. in accordance with the terms and conditions of an Engagement Letter dated\n \n July 25, 2022\n \n and pursuant to which M Partners Inc. will provide the Company with ongoing advisory services. In consideration of the services, the Company has agreed to issue M Partners Inc. an aggregate of 500,000 Common Shares at a deemed price of\n \n $0.10\n \n per share. The Common Shares will be subject to a four month hold period from the date of issue in accordance with applicable securities legislation.\n \n \n \n ABOUT REGENCY SILVER CORP.\n \n \n \n Regency Silver is a silver and gold exploration company focused on the America...