Reyna Silver Announces Closing of Concurrent Financing
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) ha completato con successo un collocamento privato senza intermediari, raccogliendo un ricavato lordo di 1,1 milioni di dollari. Il finanziamento prevede che Torex Gold Resources acquisti 11.578.947 unità al prezzo di 0,095 dollari per unità. Ogni unità comprende un'azione ordinaria e un warrant d'acquisto esercitabile a 0,13 dollari per un anno.
Questo collocamento privato è collegato a un accordo definitivo precedentemente annunciato, in cui Torex acquisirà tutte le azioni in circolazione di Reyna Silver tramite un piano di riorganizzazione approvato dal tribunale. I proventi saranno utilizzati per pagamenti relativi agli accordi di opzione di Reyna in Nevada.
Reyna Silver (OTCQB:RSNVF) ha cerrado con éxito una colocación privada sin intermediarios, recaudando ingresos brutos de 1,1 millones de dólares. La financiación implica que Torex Gold Resources compre 11.578.947 unidades a 0,095 dólares por unidad. Cada unidad consta de una acción común y un warrant de compra ejercitable a 0,13 dólares durante un año.
Esta colocación privada está vinculada a un acuerdo definitivo anunciado previamente, mediante el cual Torex adquirirá todas las acciones en circulación de Reyna Silver a través de un plan de arreglo aprobado por el tribunal. Los ingresos se utilizarán para pagos relacionados con los acuerdos de opción de Reyna en Nevada.
Reyna Silver (OTCQB:RSNVF)는 중개인 없이 사모 자금을 성공적으로 마감하여 총 110만 달러를 조달했습니다. 이번 자금 조달은 Torex Gold Resources가 단위당 0.095달러에 11,578,947 단위를 구매하는 내용입니다. 각 단위는 보통주 한 주와 1년간 행사 가능한 0.13달러 행사가격의 매수 워런트 한 개로 구성되어 있습니다.
이번 사모 자금 조달은 Torex가 법원 승인 계획에 따라 Reyna Silver의 모든 발행 주식을 인수하는 이전에 발표된 최종 계약과 연계되어 있습니다. 조달 자금은 Reyna의 네바다 옵션 계약 관련 지불에 사용될 예정입니다.
Reyna Silver (OTCQB:RSNVF) a clôturé avec succès un placement privé sans intermédiaire, levant un produit brut de 1,1 million de dollars. Le financement implique que Torex Gold Resources achète 11 578 947 unités au prix de 0,095 dollar par unité. Chaque unité comprend une action ordinaire et un bon de souscription exerçable à 0,13 dollar pendant un an.
Ce placement privé est lié à un accord définitif annoncé précédemment, dans lequel Torex acquerra toutes les actions en circulation de Reyna Silver par un plan d’arrangement approuvé par le tribunal. Les fonds seront utilisés pour les paiements liés aux accords d’option de Reyna au Nevada.
Reyna Silver (OTCQB:RSNVF) hat eine nicht vermittelte Privatplatzierung erfolgreich abgeschlossen und dabei Bruttoerlöse in Höhe von 1,1 Millionen US-Dollar erzielt. Die Finanzierung umfasst den Kauf von 11.578.947 Einheiten durch Torex Gold Resources zu einem Preis von 0,095 US-Dollar pro Einheit. Jede Einheit besteht aus einer Stammaktie und einem Kaufwarrant, der für ein Jahr zu 0,13 US-Dollar ausgeübt werden kann.
Diese Privatplatzierung steht im Zusammenhang mit einer zuvor angekündigten endgültigen Vereinbarung, bei der Torex alle ausstehenden Reyna Silver Aktien im Rahmen eines gerichtlich genehmigten Umstrukturierungsplans erwerben wird. Die Erlöse werden zur Begleichung von Zahlungen im Zusammenhang mit Reynas Optionsvereinbarungen in Nevada verwendet.
- Strategic investment of $1.1M from Torex Gold Resources
- Secured funding for Nevada option agreement payments
- Warrants provide potential additional funding at $0.13 per share
- Share dilution through issuance of 11.58M new units
- Four-month hold period restricts immediate trading
- Warrant exercise price represents a premium to current unit price
NOT 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
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
Pursuant to the Private Placement, the Company issued 11,578,947 Units at a price of
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 Monroy
Chief Executive Officer
For Further Information, Please Contact:
Jorge Ramiro Monroy, Chief Executive Officer
info@reynasilver.com
+1 (852) 610-3022
www.reynasilver.com
About 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
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements
This news release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this news release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. These forward-looking statements include, among other things, statements relating to the anticipated use of proceeds from the Private Placement; the receipt of final TSXV acceptance; and discussion of future plans, projects, objectives, estimates and forecasts and the timing related thereto.
Such forward-looking statements are based on a number of assumptions of management, including, without limitation, the Company's ability to continue with its stated business objectives and obtain required approvals; the Company's ability to obtain all final TSXV acceptance; and the Company's anticipated use of proceeds from the Private Placement. Additionally, forward-looking information involve a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of the Company to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: risks associated with the business of Torex and Reyna Silver; risks related to the satisfaction or waiver of certain conditions to closing of the Transaction; non-completion of the Transaction; the failure of the Company to obtain all court and regulatory approvals required for the Transaction; the failure of the Company to obtain all required approvals, including final TSXV acceptance for the Private Placement; and other risk factors as detailed from time to time and additional risks identified in the Company's and Torex's filings with Canadian securities regulators on SEDAR+ in Canada (available at www.sedarplus.ca).
Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. Neither the Company nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this news release. Neither the Company nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this news release by you or any of your representatives or for omissions from the information in this news release.
SOURCE: Reyna Silver Corp.
View the original press release on ACCESS Newswire
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