Reyna Silver Announces Closing of Upsized Brokered Private Placement For C$5.0 Million

VANCOUVER, BC and HONG KONG, CHINA / ACCESSWIRE / June 24, 2022 / Reyna Silver Corp. (TSXV:RSLV; OTCQX:RSNVF; FRA:4ZC) (“Reyna” or the “Company”) is pleased to announce the closing of its previously announced “best efforts” private placement (the “Offering”) for gross proceeds of C$5,000,000. The Offering was upsized from its original gross proceeds of up to C$3,000,000 and includes the full exercise of the Agent’s over-allotment option. Under the Offering, the Company sold 13,888,889 units of the Company (the “Units”) at a price of C$0.36 per Unit. Red Cloud Securities Inc. (the “Agent”) acted as sole agent and bookrunner under the Offering.

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