sur Reyna Silver Corp. (NASDAQ:RSNVF)
Reyna Silver Amends Medicine Springs Option Agreement
Reyna Silver Corp. has announced amendments to its option agreement concerning the Medicine Springs project in Nevada, USA. Initially established in 2017, the agreement allows Reyna Silver to acquire a 100% interest in the project from Stephen Sutherland and Herb Duerr. This marks a continuation of their strategic collaboration, following amendments on previous occasions, the latest on February 2024.
The recent changes involve the deferment of a USD$150,000 payment to February 2025 and the addition of USD$10,000 in common shares. Future mandatory payments include USD$150,000 cash and USD$310,000 in shares, subject to TSXV approval. Notably, Reyna Silver aims to explore the site's potential, supported by seasoned geologists, through their district-scale exploration approach.
The issuance of new shares remains contingent on TSXV acceptance, indicating critical procedural steps ahead.
R. E.
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