Reyna Silver Corp Upsizes LIFE Private Placement Offering to $1.7 Million

Reyna Silver Corp, based in Vancouver and Hong Kong, announced an increase in its private placement offering due to strong investor demand. Initially set at $1 million for 6,250,000 units, the offering has been expanded to a maximum of 10,625,000 units, potentially raising $1.7 million. Priced at $0.16 each, these units consist of a common share and a purchase warrant, which allows buying another share at $0.24 within 24 months.

The first tranche closed on May 3, 2024, raising $1,452,600 through the sale of 9,078,750 units. In connection with this, Reyna Silver paid $95,522 as a finder's fee to RedCloud Securities Inc and others, also issuing 597,013 Finder Warrants. Additional tranches may follow, subject to conditions including TSX Venture Exchange approval.

This financing, exempt from certain holding periods under Canadian securities laws, supports projects including Reyna’s Gryphon Summit and Guigui, aimed at silver deposit exploration in North America. Details and documents related to the offering are available through Reyna Silver’s website and the SEDARplus platform.