Reyna Silver Announces Filing and Mailing of the Management Information Circular for Its Special Meeting of Securityholders to Approve the Acquisition by Torex Gold
Reyna Silver (OTCQB:RSNVF) has announced the filing and distribution of its management information circular for a special meeting regarding the proposed acquisition by Torex Gold Resources (TSX:TXG). The meeting is scheduled for August 11, 2025, where securityholders will vote on the arrangement resolution.
Under the proposed transaction, Torex will acquire all outstanding Reyna Silver shares for CDN$0.13 per share in cash. The deal includes provisions for the automatic vesting and cancellation of options, restricted share units, and warrants at the effective time, with cash payments based on the consideration amount and exercise prices.
The board of directors has unanimously recommended shareholders vote FOR the arrangement. Securityholders must submit their votes by August 7, 2025, with different voting procedures for registered and beneficial holders.
Reyna Silver (OTCQB:RSNVF) ha annunciato il deposito e la distribuzione del proprio circolare informativo per la direzione in vista di un'assemblea straordinaria riguardante la proposta di acquisizione da parte di Torex Gold Resources (TSX:TXG). L'incontro è fissato per il 11 agosto 2025, durante il quale gli azionisti voteranno sulla risoluzione dell'accordo.
Secondo la transazione proposta, Torex acquisirà tutte le azioni in circolazione di Reyna Silver per 0,13 dollari canadesi per azione in contanti. L'accordo prevede la maturazione automatica e la cancellazione di opzioni, unità azionarie vincolate e warrant al momento dell'efficacia, con pagamenti in contanti basati sull'importo della considerazione e sui prezzi di esercizio.
Il consiglio di amministrazione ha raccomandato all'unanimità agli azionisti di votare A FAVORE dell'accordo. Gli azionisti devono inviare il loro voto entro il 7 agosto 2025, con procedure di voto differenti per titolari registrati e beneficiari.
Reyna Silver (OTCQB:RSNVF) ha anunciado la presentación y distribución de su circular informativa para la dirección respecto a una reunión especial sobre la propuesta de adquisición por parte de Torex Gold Resources (TSX:TXG). La reunión está programada para el 11 de agosto de 2025, donde los accionistas votarán la resolución del acuerdo.
Bajo la transacción propuesta, Torex adquirirá todas las acciones en circulación de Reyna Silver por 0,13 dólares canadienses por acción en efectivo. El acuerdo incluye disposiciones para la adquisición automática y cancelación de opciones, unidades de acciones restringidas y warrants en el momento efectivo, con pagos en efectivo basados en el monto de la contraprestación y los precios de ejercicio.
La junta directiva ha recomendado por unanimidad a los accionistas votar A FAVOR del acuerdo. Los accionistas deben enviar sus votos antes del 7 de agosto de 2025, con diferentes procedimientos de votación para titulares registrados y beneficiarios.
Reyna Silver (OTCQB:RSNVF)는 Torex Gold Resources (TSX:TXG)에 의한 인수 제안과 관련된 특별 회의를 위한 경영진 정보 서한의 제출 및 배포를 발표했습니다. 회의는 2025년 8월 11일에 예정되어 있으며, 주주들은 합병 결의안에 대해 투표할 예정입니다.
제안된 거래에 따라 Torex는 Reyna Silver의 모든 발행 주식을 주당 캐나다 달러 0.13 현금으로 인수할 예정입니다. 이 거래에는 효력 발생 시점에 옵션, 제한 주식 단위, 워런트의 자동 취득 및 취소 조항이 포함되며, 지급 금액과 행사 가격에 따라 현금 지급이 이루어집니다.
이사회는 주주들에게 합병안에 찬성 투표할 것을 만장일치로 권고했습니다. 주주들은 2025년 8월 7일까지 투표를 제출해야 하며, 등록 주주와 실질 주주에 따라 투표 절차가 다릅니다.
Reyna Silver (OTCQB:RSNVF) a annoncé le dépôt et la distribution de sa circulaire d'information à la direction pour une assemblée extraordinaire concernant la proposition d'acquisition par Torex Gold Resources (TSX:TXG). La réunion est prévue pour le 11 août 2025, où les détenteurs de titres voteront sur la résolution de l'arrangement.
Dans le cadre de la transaction proposée, Torex acquerra toutes les actions en circulation de Reyna Silver pour 0,13 $ CA par action en espèces. L'accord prévoit la levée automatique et l'annulation des options, unités d'actions restreintes et bons de souscription au moment de l'entrée en vigueur, avec des paiements en espèces basés sur le montant de la contrepartie et les prix d'exercice.
Le conseil d'administration a recommandé à l'unanimité aux actionnaires de voter POUR l'arrangement. Les détenteurs de titres doivent soumettre leur vote avant le 7 août 2025, avec des procédures de vote différentes pour les détenteurs enregistrés et bénéficiaires.
Reyna Silver (OTCQB:RSNVF) hat die Einreichung und Verteilung seines Management-Informationskreises für eine außerordentliche Hauptversammlung bezüglich des vorgeschlagenen Erwerbs durch Torex Gold Resources (TSX:TXG) angekündigt. Die Versammlung ist für den 11. August 2025 geplant, bei der die Wertpapierinhaber über den Zusammenschlussbeschluss abstimmen werden.
Im Rahmen der vorgeschlagenen Transaktion wird Torex alle ausstehenden Reyna Silver-Aktien für 0,13 kanadische Dollar pro Aktie in bar erwerben. Das Geschäft beinhaltet Bestimmungen zur automatischen Ausübung und Stornierung von Optionen, eingeschränkten Aktienanteilen und Warrants zum Zeitpunkt des Inkrafttretens, mit Barauszahlungen basierend auf dem Gegenwert und den Ausübungspreisen.
Der Vorstand hat einstimmig empfohlen, dass die Aktionäre FÜR den Zusammenschluss stimmen. Die Wertpapierinhaber müssen ihre Stimmen bis zum 7. August 2025 abgeben, wobei unterschiedliche Abstimmungsverfahren für registrierte und wirtschaftliche Inhaber gelten.
- All-cash transaction providing immediate liquidity for shareholders
- Board of directors unanimously recommends the transaction
- Automatic vesting and cash settlement of all equity instruments
- Shareholders will lose exposure to potential future upside in Reyna Silver's projects
- CDN$0.13 per share price may be considered low by some shareholders
VANCOUVER, BC and HONG KONG, CHINA / ACCESS Newswire / July 21, 2025 / Reyna Silver Corp. ("Reyna Silver" or the "Company")(TSXV:RSLV)(OTCQB:RSNVF)(FRA:4ZC) is pleased to announce its management information circular (the "Circular") and related materials for its special meeting (the "Meeting") of securityholders of the Company (the "Securityholders"), is now available under Reyna Silver's profile on SEDAR+ at www.sedarplus.ca and on the Company's website at https://reynasilver.com/shareholders-meeting. The mailing of the Circular and related materials for the Meeting, to Securityholders, has also commenced.
The Meeting will be held on August 11, 2025 at 10:00 a.m. (Vancouver time) at the office of DuMoulin Black LLP on the 15th Floor of 1111 West Hastings Street, Vancouver, British Columbia, Canada.
At the Meeting, Securityholders will be asked to consider and vote upon a resolution (the "Arrangement Resolution") to approve the proposed statutory plan of arrangement (the "Transaction") with Torex Gold Resources Inc. ("Torex") (TSX: TXG) pursuant to which Torex will acquire all of the issued and outstanding common shares ("Shares") of Reyna Silver (other than Shares held by Torex and those Shares held by shareholders of the Company who validly exercised their dissent rights) for cash consideration of CDN
The board of directors of the Company unanimously recommends that Securityholders vote FOR the Arrangement Resolution.
The Circular and related materials for the Meeting provide important information on the Transaction and related matters, including the background to the Transaction, the rationale for the recommendations made by the board of directors of the Company, voting procedures and how to attend the Meeting. Securityholders are urged to read the Circular and its schedules carefully and in their entirety.
Securityholders are encouraged to vote well in advance of the Meeting in accordance with the instructions in the form of proxy or voting instruction form delivered to Securityholders. The deadline for Securityholders to return their completed proxies or voting instruction formsis August 7, 2025 at 10:00 a.m. (Vancouver time). Securityholders who hold their Shares with a broker, bank or other intermediary may be required to return their voting instruction form in advance of August 7, 2025 at 10:00 a.m. (Vancouver time) to be included in the vote.
Non-registered shareholders of the Company are also encouraged to contact the proxy department at their broker or other intermediary (where their Shares are held) who can assist them with the voting process. Non-registered shareholders of the Company must follow the voting instructions provided by their broker or other intermediary and will need their specific 16-digit control number to vote.
VOTING METHODS | BENEFICIAL HOLDERS securities held with a broker, bank or other nominee. | REGISTERED HOLDERS securities held in own name and represented by a physical certificate or DRS. |
| ONLINE: www.voteproxyonline.com EMAIL: tsxtrustproxyvoting@tmx.com | |
| Call the toll-free number listed on your Voting Instruction Form (VIF) and vote using the control number provided therein. | FAX: 416-595-9593 |
| Complete, date and sign the Voting Instruction Form (VIF) and return it in the enclosed postage paid envelope. | Complete, date and sign Management's form of proxy and return it in the enclosed postage paid envelope to: TSX Trust Company |
Further details of the Transaction are set out in the arrangement agreement dated June 22, 2025 between Torex and Reyna Silver (the "Arrangement Agreement"), which is filed on the Company's SEDAR+ profile at www.sedarplus.ca.
Reyna Silver Securityholder Questions and Assistance
If you have any questions or require assistance voting, please contact Reyna Silver's transfer agent, TSX Trust Company, directly at 1-866-600-5869 or tsxtis@tmx.com. If you have questions in regards to your Consideration, please contact Jorge Monroy at jorge@reynasilver.com.
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, the anticipated date and time of the Meeting and the mailing of the Circular and related materials for the Meeting.
Such forward-looking statements are based on a number of assumptions of management, including, without limitation, the Company's ability to satisfy the terms and conditions precedent of the Arrangement Agreement in order to consummate the Transaction; the ability of Reyna Silver and Torex to complete the Transaction; the Company's ability to secure necessary shareholder, Securityholder, legal and regulatory approvals required to complete the Transaction; and the Company's ability to continue with its stated business objectives and obtain required approvals. 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 businesses 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; 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
FAQ
What is the acquisition price per share for Reyna Silver (RSNVF)?
When is the Reyna Silver special shareholder meeting for the Torex Gold acquisition?
What happens to Reyna Silver stock options and RSUs in the Torex acquisition?
What is the deadline for Reyna Silver shareholders to vote on the Torex acquisition?
Does the Reyna Silver board recommend the Torex Gold acquisition?
