Reyna Silver Closes First Tranche of Private Placement

Reyna Silver Corp. has announced the first closing of its previously announced non-brokered private placement. The company issued 14,889,999 units, raising gross proceeds of CAD$1,116,749.93. Each unit, priced at CAD$0.075, includes one common share and one warrant, exercisable for 36 months at CAD$0.12 per share.

Insiders subscribed to 13,939,999 units, constituting "related party transactions" under MI 61-101. These transactions are exempt from formal valuation and minority approval requirements. A cash finder's fee of 7% on certain investments was issued, resulting in an aggregate fee of CAD$3,937.50.

The proceeds are earmarked for exploration, maintenance, development of properties, and general corporate purposes. Further units may be sold in subsequent closings, subject to necessary approvals.