Business
Reyna Silver Announces Closing of Concurrent Financing
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES VANCOU...
About this update from Reyna Silver
[{"type":"text","content":"Reyna Silver Announces Closing of Concurrent FinancingNOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC AND HONG KONG, CHINA / ACCESS Newswire / June 27, 2025 / Reyna Silver Corp. (\"Reyna Silver\" or the \"Company\")(TSXV:RSLV)(OTCQB:RSNVF)(FRA:4ZC) is pleased to announce that, further to its news releases dated June 23, 2025 (the \"June 23rd NR\")and June 24, 2025, the Company has closed its non-brokered private placement for gross proceeds of $1.1 million (the \"Private Placement\").As previously stated in the June 23rd NR, in connection with the definitive agreement with Torex Gold Resources Inc. (\"Torex\") dated June 22, 2025, pursuant to which Torex agreed to acquire all of the issued and outstanding common shares (\"Shares\") of Reyna Silver (other than Shares held by Torex) by way of a court-approved plan of arrangement (the \"Transaction\"), Torex agreed to purchase units (\"Units\") of Reyna Silver for a total investment of $1.1 million pursuant to the Private Placement.Pursuant to the Private Placement, the Company issued 11,578,947 Units at a price of $0.095 per Unit. Each Unit is comprised of one Share and one common share purchase warrant (a \"Purchaser Warrant\"). Each Purchaser Warrant is exercisable to acquire one Share at an exercise price of $0.13 per Purchaser Warrant for a period of one year.Reyna Silver has agreed to use the proceeds of the Private Placement to make certain payments relating to its option agreements in Nevada.The Private Placement is subject to final acceptance by the TSXV. The securities issued pursuant to the Private Placement are subject to a statutory four-month hold period.On Behalf of the Board of Directors of Reyna Silver Corp.Jorge Ramiro MonroyChief Executive OfficerFor Further Information, Please Contact:Jorge Ramiro Monroy, Chief Executive [email protected]+1 (852) 610-3022www.reynasilver.comAbout Reyna Silver Corp.Reyna Silver is a growth-oriented junior exploration and development company. Reyna Silver focuses on exploring for high-grade, district-scale silver deposits in Mexico and the United States. In Nevada USA, Reyna Silver has entered into an option to acquire 70% of the 12,058-hectare \"Gryphon Summit Project\". The Gryphon Project shows features indicating uniquely superimposed/overprinted Silver-Lead-Zinc-Cop...