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Regency Silver Announces Closing of Oversubscribed Private Placement of $2.159M at $0.20 per Share

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Regency Silver Announces Closing of Oversubscribed Private Placement of $2.159M at $0.20 per Share

 

 

 

 

 

Regency Silver Corp. (TSX-V: RSMX) (OTCQB: RSMXF) is pleased to announce that it has completed a non-brokered private placement of 10,795,000 common shares at a price of $0.20 per share for gross proceeds of CAD$2,159,000.

 

In connection with part of the closing of the private placement, the Company paid a finder’s fee of $16,000 in cash to PI Financial Corp.

 

The proceeds will be used for work programs on the properties of Regency Silver including drilling and geophysics in early January 2023 on our flagship Dios Padre property, for property payments on other properties of the Company and for general working capital.

 

All common shares issued under the private placement will be subject to a four month hold period expiring on April 23, 2023, in accordance with applicable Canadian securities laws.

 

ABOUT REGENCY SILVER CORP.:

 

Regency Silver is a gold-copper-silver exploration company focused on the Americas. Regency Silver is led by a team of experienced professionals with expertise in both exploration and production. Regency Silver’s flagship project is the Dios Padre gold-copper-silver project in Sonora, Mexico.

 

Posted December 27, 2022

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