four-month hold period expiring on April 23, 2023 REGENCY SILVER ANNOUNCES CLOSING OF OVERSUBSCRIBED PRIVATE PLACEMENT OF $2.159M AT $0.20 PER SHARE
Regency Silver Corp. has completed a non-brokered private placement of 10,795,000 common shares at a price of 20 cents per share for gross proceeds of $2,159,000.
In connection with part of the closing of the private placement, the company paid a finder's fee of $16,000 in cash to PI Financial Corp.
The proceeds will be used for work programs on the properties of Regency Silver including drilling and geophysics in early January, 2023, on its flagship Dios Padre property, for property payments on other properties of the company and for general working capital.
All common shares issued under the private placement will be subject to a four-month hold period expiring on April 23, 2023, in accordance with applicable Canadian securities laws.