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Reyna Silver Announces 2 Million CAD Listed Issuer Financing Exemption (LIFE) Private Placement and Concurrent Private Placement of Units
VANCOUVER, BC and HONG KONG, CHINA / ACCESSWIRE / February 14, 2024 / Reyna Silver Corp . (TS...
About this update from Reyna Silver
[{"type":"text","content":"Reyna Silver Announces 2 Million CAD Listed Issuer Financing Exemption (LIFE) Private Placement and Concurrent Private Placement of UnitsVANCOUVER, BC and HONG KONG, CHINA / ACCESSWIRE / February 14, 2024 / Reyna Silver Corp. (TSXV:RSLV);(OTCQX:RSNVF);(FRA:4ZC) (\"Reyna\" or the \"Company\") is pleased to announce a non-brokered listed issuer financing exemption (LIFE) private placement of up to 12,500,000 units of the Company (\"Units\") at a price of $0.12 per Unit (the \"Issue Price\") for gross proceeds of up to $1,500,000 (the \"Offering\"). Each Unit will consist of one common share of the Company (a \"Common Share\") and one common share purchase warrant (a \"Warrant\"). Each Warrant will entitle the holder thereof to acquire one Common Share at an exercise price of $0.20 for a period of 36 months from the date of issuance.The Offering is expected to close in one or more closings and the Company expects to close the first tranche on or about March 6, 2024 or such earlier or later date as the Company may determine. Closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the conditional approval from the TSX Venture Exchange.Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions (\"NI 45-106\"), the Offering is being made pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the \"Exemption\"). The securities offered under the Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws. There is an offering document relating to the Offering that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at www.reynasilver.com. Prospective investors should read this offering document before making an investment decision.In addition to the Offering, the Company may, at its discretion, complete a concurrent non-brokered private placement of up to 4,166,667 Units for gross proceeds of up to approximately $500,000 (the \"Concurrent Private Placement\") to purchasers pursuant to other applicable exemptions under NI 45-106.. It is anticipated that insiders of the Company will participate in the Concurrent Private Placement. The participation of any insiders may be consider...