Regency Silver Corp Completes Oversubscribed Private Placement

On April 12, 2024, Vancouver-based Regency Silver Corp. announced the successful final closing of its non-brokered private placement, initially targeted at $800,000 but expanded due to high demand to $993,700. This final tranche saw the company raising an additional $215,200 through the issuance of 1,076,000 units priced at $0.20 each.

Each unit in this offering comprises one common share and one half of one transferable common share purchase warrant, with each whole Warrant allowing the holder to acquire one common share at $0.30 for a two-year span from issuance. The company also disclosed payment of $8,492 in finder's fees and issuance of 42,460 broker warrants under similar terms.

The raised funds are earmarked for the exploration and development of Regency Silver's properties, alongside general working capital needs. The securities issued are subject to a four-month hold period as per Canadian securities regulations.

Regency Silver, focusing on the exploration of high-grade gold, copper, and silver in Mexico, emphasizes its firm position within the resource sector, supported by significant drill results from its flagships, such as the Dios Padre project.