Reyna Silver Finalizes $1.1M Private Placement with Torex Investment

Reyna Silver Corp. has announced the completion of its non-brokered private placement, securing gross proceeds of $1.1 million. This follows the agreement with Torex Gold Resources Inc., where Torex agreed to invest in units of Reyna Silver as part of their acquisition arrangement. Each unit consists of one common share and one warrant, allowing the purchase of additional shares at $0.13 each for a year.

The funds will be used for payments related to Reyna Silver's option agreements in Nevada. The placement awaits final approval from the TSX Venture Exchange, with a mandatory four-month holding period for the issued securities.

This financial move aids Reyna Silver's ongoing projects in Nevada and reinforces its commitment to advancing its exploration and development endeavors across North America.