Reyna Silver Corp. announced a non-brokered private placement of 6,250,000 units of the company at an issue price of CAD 0..16 per unit for the gross proceeds of CAD 1,000,000 on April 18, 2024. Each unit will consist of one common share of the company and one common share purchase warrant.

Each warrant will entitle the holder thereof to acquire one common share at an exercise price of CAD 0.24 for a period of 24 months from the date of issuance. The offering is expected to close in one or more closings and the company expects to close the first tranche on or about May 10, 2024 or such earlier or later date as the company may determine. Closing of the offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the conditional approval from the TSX Venture Exchange.

The Company may pay certain eligible finders a cash fee of up to 7% of the gross proceeds raised in respect of the offering from subscribers introduced by such finders to the company.