Regency Silver Closes First Tranche of Private Placement for $1.27M

On November 28, 2024, Regency Silver Corp. announced the closure of the first tranche of its non-brokered private placement, raising a total of $1,268,655. The company issued 8,457,706 units at $0.15 per unit. Each unit includes a common share and a warrant to purchase an additional share at $0.25, valid for two years. Warrants may be accelerated if shares trade above $0.50 for ten consecutive days.

The closing involved cash finder's fees of $24,330 and the issuance of 162,200 broker warrants, also exercisable at $0.25 within two years, subject to the same acceleration clause. Securities issued in this placement come with a four-month hold period as per Canadian securities regulations.

Proceeds are allocated to exploration and development, alongside general working capital. Regency Silver aims to complete the remaining placement shortly.