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Regency Silver Corp. Announces Second Upsize of Brokered Private Placement to $3.1M and Pending Completion of 2 For 1 Share Consolidation
VANCOUVER, BC / ACCESS Newswire / August 22, 2025 / Regency Silver Corp. (" Regency Silver "...
About this update from Regency Silver Corp
[{"type":"text","content":"Regency Silver Corp. Announces Second Upsize of Brokered Private Placement to $3.1M and Pending Completion of 2 For 1 Share ConsolidationVANCOUVER, BC / ACCESS Newswire / August 22, 2025 / Regency Silver Corp. (\"Regency Silver\" or the \"Company\") (TSXV:RSMX)(OTCQB:RSMXF) has upsized its previously announced (August 7 and August 18) best efforts brokered private placement led by Centurion One Capital Corp. (the \"Lead Agent\") as lead agent and sole bookrunner due to strong investor demand. Under the amended terms, the Company will issue up to 62,000,000 units (\"Units\") of the Company at $0.05 per Unit (the \"Issue Price\") for aggregate gross proceeds of up to $3,100,000 (the \"Offering\").Each Unit shall consist of one common share in the capital of the Company (each, a \"Share\") and one-half of one Share purchase warrant (each, whole Share purchase warrant, a \"Warrant\"). Each full Warrant shall entitle the holder thereof to purchase one additional Share (a \"Warrant Share\") at a price of $0.10 for a period of 24 months from the Closing Date (as defined herein).The net proceeds of the Offering will be used for drilling on the Company's Dios Padre Project in Sonora, Mexico and general working capital purposes.The Offering is expected to close on or around August 27, 2025 or such other date as agreed upon between the Company and the Lead Agent (the \"Closing Date\") and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange, and the completion of the Consolidation (as defined below). Assuming completion of the Consolidation, the Issue Price will be $0.10 per Unit and each full Warrant will be exercisable at a price of $0.20. The securities to be issued under the Offering will have a hold period of four months and one day from the Closing Date.The Offering is conditional upon the Company completing a consolidation of its issued and outstanding common shares at a ratio of two (2) pre-consolidation Common Shares to one (1) post-consolidation Common Share (the \"Consolidation\"). The Consolidation is expected to take effect on or about August 26, 2025.There are currently 112,083,201 Common Shares issued and outstanding. Subsequent to the Consolidation, the Company will have approximately 56,041,600 Common Shares issued and ou...