Torex Gold to Acquire Reyna Silver Amid Financing Plans

Reyna Silver Corp. has signed a definitive agreement with Torex Gold Resources Inc. for Torex to acquire all common shares of Reyna Silver. This acquisition, done through a court-approved plan of arrangement, offers CDN$0.13 per share.

Reyna Silver's board sees this acquisition as a means to advance its projects in Mexico and Nevada, providing the capital and expertise needed for development. The transaction requires a 66⅔% approval from shareholders and the holders of warrants, options, and restricted share units.

Additionally, Torex committed to a $1.1 million private placement, acquiring units of Reyna Silver. The proceeds will support payments for Reyna's option agreements in Nevada. Finalization awaits court and regulatory approvals, with a special meeting expected in August 2025.