Regency Silver Corp. Upsizes Private Placement to $3.1M

Regency Silver Corp. has announced an increase in its brokered private placement, now set at $3.1 million, due to significant investor interest. The company will issue up to 62,000,000 units at $0.05 per unit. Each unit includes one common share and one-half of a share purchase warrant, allowing the purchase of an additional share at $0.10 within 24 months.

The funds will support drilling at the Dios Padre Project in Sonora, Mexico, and general working capital. The closure of this offering is expected shortly, contingent on the consolidation of the company's common shares at a 2-for-1 ratio, reducing the total to approximately 56,041,600 shares.

The consolidation will involve exchanging current share certificates for new ones without issuing fractional shares. This move aims to streamline trading under the same TSXV symbol. The offering applies to several regions, adhering to securities regulations.