Reyna Silver Stock Price, News & Analysis

Reyna Silver (OTCQB:RSNVF) has successfully closed a non-brokered private placement, raising gross proceeds of $1.1 million. The financing involves Torex Gold Resources purchasing 11,578,947 units at $0.095 per unit. Each unit consists of one common share and one purchase warrant exercisable at $0.13 for one year.

This private placement is connected to a previously announced definitive agreement where Torex will acquire all outstanding Reyna Silver shares through a court-approved plan of arrangement. The proceeds will be used for payments related to Reyna's Nevada option agreements.

Reyna Silver (OTCQB:RSNVF) has announced pricing details for its previously disclosed non-brokered private placement. The company will issue units at $0.095 per unit, with each unit comprising one common share and one purchase warrant exercisable at $0.13 for one year. This financing is part of a larger transaction where Torex Gold Resources has agreed to acquire all outstanding Reyna Silver shares through a court-approved plan of arrangement.

The private placement will raise $1.1 million, with proceeds designated for option agreement payments in Nevada. The closing is subject to TSXV approval, and securities will have a four-month hold period.

Torex Gold Resources has agreed to acquire Reyna Silver Corp in an all-cash transaction valued at CDN$0.13 per share. The acquisition encompasses Reyna's portfolio of four mining projects in Mexico and Nevada. The transaction requires approval from 66⅔% of Reyna Silver shareholders and warrant/option holders, along with court and regulatory approvals. Management and Board members, holding approximately 7.7% of shares, support the deal. Concurrent with the agreement, Torex will invest $1.1 million in Reyna through a private placement of units at a 25% discount to market price. The transaction is expected to close in August 2025. Additionally, Reyna has secured extensions for option payments on its Gryphon Summit and Medicine Springs projects in Nevada, with modified payment schedules using proceeds from the private placement.

Reyna Silver Corp. (TSXV:RSLV)(OTCQX:RSNVF)(FRA:4ZC) has announced that Carmen Amezquita has resigned from the company's Board of Directors to pursue other professional opportunities. Amezquita served on the board for two years. The Board has expressed gratitude for her contributions during her tenure and extended well wishes for her future endeavors. For additional information, stakeholders can contact CEO Jorge Ramiro Monroy.

Reyna Silver Corp (TSXV:RSLV)(OTCQB:RSNVF) has completed the final tranche of its non-brokered private placement offering, raising CAD$196,729.95 through the issuance of 2,623,066 Units at CAD$0.075 per Unit. Each Unit includes one common share and one warrant exercisable at CAD$0.12 for 36 months.

The total offering, including previous closings, raised aggregate gross proceeds of CAD$3,027,972.38 through 40,372,965 Units. Insiders participated by subscribing for 15,699,999 Units totaling CAD$1,177,499.93. The company paid finder's fees of CAD$98,440.73 and issued 1,292,543 Finder Warrants.

Additionally, Reyna Silver entered into a debt settlement agreement to settle CAD$64,018.75 in outstanding debt through the issuance of 853,583 Units at CAD$0.075 per Unit. Proceeds will be used for exploration, property maintenance, development, and working capital.

Reyna Silver Corp (TSXV:RSLV)(OTCQX:RSNVF) has completed the third tranche of its non-brokered private placement, raising CAD$106,500 through issuing 1,420,000 units at CAD$0.075 per unit. Each unit includes one common share and one warrant exercisable at CAD$0.12 for 36 months.

Combined with previous closings (CAD$1,116,749.93 and CAD$1,607,992.50), the total raised reaches CAD$2,831,242.43 through 37,749,899 units. Insiders participated with 15,699,999 units for CAD$1,177,499.93. The company paid finder's fees of CAD$98,440.73 and will issue 1,292,543 finder warrants.

Proceeds will fund exploration, property maintenance, and working capital. Additionally, Reyna Silver will transition from OTCQX to OTCQB Venture Market on March 3, 2025, due to minimum price requirements.

Reyna Silver Corp (TSXV:RSLV)(OTCQX:RSNVF) has completed the second tranche of its non-brokered private placement, raising CAD$1,607,992.50 through the issuance of 21,439,900 Units at CAD$0.075 per Unit. Each Unit includes one common share and one warrant exercisable at CAD$0.12 for 36 months.

Combined with the first closing of CAD$1,116,749.93, the total raised to date is CAD$2,724,742.43 from 36,329,899 Units. Company insiders participated by subscribing for 15,699,999 Units totaling CAD$1,177,499.93. The company paid finder's fees of CAD$96,865.73 and issued 1,271,543 Finder Warrants.

The proceeds will fund ongoing exploration, maintenance and development of company properties, and general working capital purposes. All securities issued are subject to a hold period until June 15, 2025.

Reyna Silver Corp (TSXV:RSLV)(OTCQX:RSNVF) has completed the first tranche of its non-brokered private placement, raising CAD$1,116,749.93 through the issuance of 14,889,999 Units at CAD$0.075 per Unit. Each Unit includes one common share and one warrant, exercisable at CAD$0.12 for 36 months.

Company insiders participated significantly, subscribing for 13,939,999 Units worth CAD$1,045,499.93. The company paid CAD$3,937.50 in finder's fees and issued 52,500 Finder Warrants. All securities are subject to a hold period until June 6, 2025.

The proceeds will be used for exploration, maintenance and development of company properties, working capital, and corporate purposes. Additional closings may follow, subject to TSXV approval.

Reyna Silver Corp. (RSNVF) has announced a non-brokered private placement offering of up to 40,000,000 units at CAD$0.075 per unit, aiming to raise gross proceeds of up to CAD$3,000,000. Each unit consists of one common share and one purchase warrant, with each warrant exercisable at CAD$0.12 per share for 36 months.

The offering is expected to close around February 14, 2025, subject to regulatory approvals. The company plans to use the proceeds for ongoing exploration, maintenance and development of properties, and general working capital. Following recent drill results at Gryphon, the financing will enable expansion of proof-of-concept targets and preparation for further exploration. The company also plans to resume exploration at Batopilas, where previous drilling yielded 9m at 616 g/t silver in 2023.