Regency Silver Corp. Advances with Latest Private Placement and Strategic Stock Option Grants

Regency Silver Corp., a key player in the mining sector, announced the closure of an additional $253,500 tranche in its ongoing non-brokered private placement, initially targeted at $800,000. The update, provided on March 8, 2024, confirms the commitment of the Vancouver-based company to strengthen its financial base and extend its investment appeal.

In light of its February 2, 2024, announcement, Regency Silver has decided to extend the deadline for this private placement until March 31, 2024, ensuring compliance with all regulatory prerequisites, including the approval from the TSX Venture Exchange. This strategic move signals the company’s flexibility and determination to fulfill its funding objectives.

Additionally, Regency Silver disclosed the grant of stock options for 1,700,000 common shares to its directors, officers, employees, and consultants at a $0.20 price point, abiding by its Stock Option Plan. The options, subject to vesting benchmarks and regulatory approval, highlight the company's confidence in its leadership and workforce, binding them closely to its long-term success. These options are set to expire after a five-year term, contingent upon the recipients' continued association with the company.