Reyna Silver Completes Second Tranche of Private Placement, Raising CAD$1.6 Million

Reyna Silver ( (TSE:RSLV) ) has provided an announcement.

Reyna Silver Corp. has successfully completed the second tranche of its non-brokered private placement, issuing over 21 million units and raising CAD$1.6 million. This brings the total funds raised through the offering to CAD$2.7 million. The private placement, involving insiders of the company and exempt from certain regulatory requirements, highlights Reyna’s strategic effort to bolster financial resources for its ongoing exploration activities. The transactions also included a finder’s fee and are subject to a hold period, with the possibility of further closings contingent on regulatory approvals.

More about Reyna Silver

Reyna Silver Corp. operates in the mining industry, focusing on the exploration and development of silver deposits. The company is engaged in projects primarily in North America, with a particular emphasis on high-grade, district-scale silver assets.

YTD Price Performance: -27.14%

Average Trading Volume: 183,825

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $11.78M

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