Not intended for distribution to US Newswire services or for distribution within the US
VANCOUVER, BC, HONG KONG, FEBRUARY 1, 2023 (GLOBE NEWSWIRE) — Reina Silver Co.. (TSXV: RSLV; OTCQB: RSNVF; FRA: 4ZC) (“Reina” or “company“) acts as lead underwriter and bookrunner, as well as a syndicate of underwriters (collectively, “Underwriter”), in connection with the Company’s 13,334,000 units “acquisition transaction” private placement financing (“unit“) Priced at C$0.30 per unit (“issue price“), total gross revenue of 4,000,200 CAD (“Recruitment”).
Each unit consists of one share of our common stock (each a “common stock“) and one Common Stock Purchase Warrant (each, “warrant”), each Warrant holder may purchase one additional share of common stock for a period of 36 months from the closing date of the offer for $0.40 CAD per share of common stock.
The Company may exercise, in whole or in part, the option to offer and sell up to 3,332,600 additional units at the issue price to the underwriters up to 48 hours prior to the closing of the offering, for an additional aggregate purchase price of up to 999,780 units. Canadian Dollar.
We intend to use the net proceeds of the public offering for ongoing exploration and drilling at our Medicine Springs, Gigigi and Batupilas projects, as well as for general corporate purposes.
The closing date of the offering is expected to be on or around February 10, 2023 and is subject to certain conditions including, but not limited to, receipt of all necessary approvals, including conditional approvals from TSX Venture Exchange. increase.
Comply with applicable regulatory requirements and National Instrument 45-106 – Prospectus Exemptions (“NI 45-106), the unit complies with Part 5A of NI 45-106 (“Listed Issuer Loan Exemption”). As the offering has been completed pursuant to the Listed Issuer Loan Forgiveness, securities issued in the offering are not subject to a hold period under applicable Canadian securities laws.
There are offering documents related to the offering that can be accessed on the company profile at www.sedar.com and the company website at www.reynasilver.com. Prospective investors should read this offering document before making any investment decision.
This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States or any other jurisdiction. Securities may not be offered or sold in any jurisdiction in which such offer or sale is unlawful unless registered in the United States or under the United States Securities Act of 1933, as amended, or otherwise qualified under the Securities Act. Other Jurisdictions or Exemptions Therefrom.
On behalf of the Board of Directors of Reyna Silver Corp.
Jorge Ramiro Monroy
chief executive officer
For more information, please contact:
Chief Executive Officer Jorge Ramiro Monroy
info@reynasilver.com
www.reynasilver.com
About Reina Silver
Reyna Silver Corp. (TSXV: RSLV) is a growth-oriented junior exploration and development company focused on exploration of high-grade district-scale silver deposits in Mexico and the United States.
Reyna’s primary properties are the Guigui and Batopilas properties in Chihuahua, Mexico. Guigui covers the interpreted source area of the Santa Eulalia district, while Batupilas covers most of Mexico’s historically highest grade silver systems. The Company also has options to acquire his 100% of the assets in Medicine Springs, Nevada, USA, and the early-stage Ladurasno, Matilde, and La Reina mineral assets in Mexico.
Neither TSX Venture Exchange nor its regulated service providers (as those terms are defined in the TSX Venture Exchange Policy) are responsible for the adequacy or accuracy of this release.
