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Regency Silver Announces Private Placement of up to CAD$2.0 Million at $0.40 per Share
Regency Silver Announces Private Placement of up to CAD$2.0 Million at $0.40 per Share ...
About this update from Regency Silver Corp
[{"type":"text","content":"\n \n \n \n Regency Silver Announces Private Placement of up to CAD$2.0 Million 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 March 24, 2023\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 arranged, subject to regulatory approval, a non-brokered private placement of up to 5 Million common shares at a price of\n \n CAD$0.40\n \n per share for gross proceeds of\n \n CAD$2.0 Million\n \n .  Closing of the private placement is anticipated to take place on or before\n \n Wednesday, March 29, 2023\n \n .\n \n \n \n \n \n \n \n \n \n There will be finders fees payable in cash or securities, as permitted by the policies of the Exchange equal to 6% of the proceeds raised by the finder.\n \n \n All common shares issued under the private placement will be subject to a four month hold period, in accordance with applicable Canadian securities laws.\n \n \n The proceeds will be used for ongoing drilling on the flagship Dios Padre property of Regency Silver and for general working capital. The 2023 ongoing drill program is progressing well with 6 core drill holes completed since the middle of January. Regency is currently drilling the seventh hole.\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 Holes 4, 5 and 6 of the drill program are designed to find continuity of the breccia\n \n 50m\n \n to the west of Hole REG 22-01.\n \n \n Highlights of the program as reported in our\n \n February 23\n \n news release include:\n \n \n \n REG-23-14 intersects\n \n \n...