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Reyna Silver ( (TSE:RSLV) ) has shared an announcement.
Reyna Silver Corp. has successfully completed the first tranche of its non-brokered private placement, raising CAD$1,116,749.93 through the issuance of 14,889,999 units. Each unit consists of one common share and one warrant, exercisable at CAD$0.12 for 36 months. The placement includes significant participation from company insiders, constituting related party transactions. The company plans to conduct additional closings, with future sales subject to regulatory approvals. The funds will aid Reyna Silver in advancing its exploration and operational activities, potentially strengthening its market position.
More about Reyna Silver
Reyna Silver Corp. operates in the mining industry, focusing on the exploration and development of silver properties. The company is primarily involved in the acquisition and development of silver-rich projects across North America, aiming to enhance its position in the silver mining market.
YTD Price Performance: -28.57%
Average Trading Volume: 181,819
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $10.9M
For detailed information about RSLV stock, go to TipRanks’ Stock Analysis page.