Reyna Silver Announces Pricing of Concurrent Financing
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.
Reyna Silver (OTCQB:RSNVF) ha annunciato i dettagli del prezzo per la sua precedente offerta privata non assistita da intermediari. La società emetterà unità a 0,095 $ per unità, ciascuna composta da un'azione ordinaria e un warrant d'acquisto esercitabile a 0,13 $ per un anno. Questo finanziamento fa parte di un'operazione più ampia in cui Torex Gold Resources ha accettato di acquisire tutte le azioni in circolazione di Reyna Silver tramite un piano di riorganizzazione approvato dal tribunale.
L'offerta privata raccoglierà 1,1 milioni di dollari, con i proventi destinati al pagamento di accordi di opzione in Nevada. La chiusura è soggetta all'approvazione della TSXV e i titoli avranno un periodo di blocco di quattro mesi.
Reyna Silver (OTCQB:RSNVF) ha anunciado los detalles de precios para su colocación privada no intermediada previamente divulgada. La compañía emitirá unidades a $0.095 por unidad, cada una compuesta por una acción común y un warrant de compra ejercitable a $0.13 durante un año. Este financiamiento forma parte de una transacción mayor donde Torex Gold Resources ha acordado adquirir todas las acciones en circulación de Reyna Silver mediante un plan de arreglo aprobado por la corte.
La colocación privada recaudará $1.1 millones, con los ingresos destinados a pagos de acuerdos de opción en Nevada. El cierre está sujeto a la aprobación de TSXV y los valores tendrán un período de retención de cuatro meses.
Reyna Silver (OTCQB:RSNVF)는 이전에 공개된 비중개 사모 발행의 가격 세부 사항을 발표했습니다. 회사는 각 단위당 0.095달러에 단위를 발행하며, 각 단위는 보통주 1주와 1년간 행사 가능한 0.13달러 행사가격의 매수 워런트 1개로 구성됩니다. 이 자금 조달은 Torex Gold Resources가 법원 승인 계획을 통해 Reyna Silver의 모든 발행 주식을 인수하기로 합의한 더 큰 거래의 일부입니다.
사모 발행을 통해 110만 달러를 조달하며, 자금은 네바다의 옵션 계약금 지급에 사용됩니다. 거래 종결은 TSXV 승인을 조건으로 하며, 증권은 4개월 보유 기간이 적용됩니다.
Reyna Silver (OTCQB:RSNVF) a annoncé les détails de tarification de son placement privé non parrainé précédemment divulgué. La société émettra des unités à 0,095 $ par unité, chaque unité comprenant une action ordinaire et un bon de souscription exercable à 0,13 $ pendant un an. Ce financement fait partie d'une opération plus large dans laquelle Torex Gold Resources a accepté d'acquérir toutes les actions en circulation de Reyna Silver via un plan d'arrangement approuvé par la cour.
Le placement privé permettra de lever 1,1 million de dollars, les fonds étant destinés au paiement d'accords d'option au Nevada. La clôture est soumise à l'approbation de la TSXV, et les titres seront soumis à une période de blocage de quatre mois.
Reyna Silver (OTCQB:RSNVF) hat die Preisdetails für seine zuvor angekündigte nicht vermittelte Privatplatzierung bekannt gegeben. Das Unternehmen wird Einheiten zu 0,095 $ pro Einheit ausgeben, wobei jede Einheit aus einer Stammaktie und einem Kaufwarrant besteht, der zu 0,13 $ für ein Jahr ausgeübt werden kann. Diese Finanzierung ist Teil einer größeren Transaktion, bei der Torex Gold Resources zugestimmt hat, alle ausstehenden Reyna Silver Aktien im Rahmen eines gerichtlich genehmigten Umstrukturierungsplans zu übernehmen.
Die Privatplatzierung wird 1,1 Millionen $ einbringen, wobei die Erlöse für Zahlungen im Rahmen von Optionsvereinbarungen in Nevada vorgesehen sind. Der Abschluss steht unter dem Vorbehalt der TSXV-Zulassung, und die Wertpapiere unterliegen einer viermonatigen Haltefrist.
- Secured $1.1 million investment from Torex Gold Resources
- Strategic funding for Nevada option agreements
- Potential dilution from new share issuance
- Warrants could lead to additional dilution if exercised
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC AND HONG KONG, CHINA / ACCESS Newswire / June 24, 2025 / Reyna Silver Corp. ("Reyna Silver" or the "Company") (TSXV:RSLV)(OTCQB:RSNVF)(FRA:4ZC) is pleased to announce that, further to its news release dated June 23, 2025 (the "June 23rd NR"), it has set the price of the securities offered in connection with the non-brokered private placement disclosed in the June 23rd NR (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
The price of each Unit to be issued under the Private Placement has now been set at
Reyna Silver has agreed to use the proceeds of the Private Placement to make certain payments relating to its option agreements in Nevada.
Closing of the Private Placement is subject to approval of the TSXV and is expected to close the business day following receipt of such approval. The securities issued pursuant to the Private Placement will be 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 closing of the Private Placement and the anticipated timing thereof; the anticipated use of proceeds from the Private Placement; the timing and receipt of all required approvals, including TSXV approval, to complete the Private Placement; 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 ability of Reyna Silver and Torex to complete the Private Placement; the Company's ability to obtain all required approvals, including TSXV approval, to complete the Private Placement; 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 TSXV approval, to complete the Private Placement; the inability of Torex and Reyna to complete 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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