Reyna Silver Finalizes Private Placement, Closes Debt Settlement

Reyna Silver Corp. announced the final closing of its non-brokered private placement, issuing 2,623,066 units for CAD$196,729.95. In total, the company raised CAD$3,027,972.38 from 40,372,965 units across four closings. Each unit includes one common share and one warrant, exercisable for three years at CAD$0.12 per share.

Some insiders purchased 15,699,999 units, constituting related party transactions, but were exempt from formal valuation due to MI 61-101 regulations. Finders received cash fees of up to 7% during earlier closings, totaling CAD$98,440.73, but no fees were issued in this final round.

Additionally, Reyna Silver settled CAD$64,018.75 in outstanding debt by issuing 853,583 units. The funds will support exploration and development efforts.