Reyna Silver Announces Closing of Second Tranche of Private Placement

Reyna Silver Corp. has completed the second tranche of its non-brokered private placement, resulting in $1,607,992.50 in gross proceeds. The company issued over 21 million units priced at CAD$0.075 each. Each unit includes a common share and a warrant, exercisable for an additional share at CAD$0.12 within 36 months.

The first tranche, closed earlier in February, raised over $1.1 million. Together, the two tranches have garnered total proceeds of $2,724,742.43 from the issuance of more than 36 million units.

Insiders invested in 15.7 million units, qualifying as related party transactions. The transactions are exempt from some regulatory approval requirements. A 7% finder's fee is applicable, amounting to CAD$96,865.73, alongside issuing over 1.2 million finder warrants.

The proceeds will support exploration, maintenance, and general capital purposes.