Original News Release
Regency Silver increases size of financing to $3.1M
Mr. Bruce Bragagnolo reports
REGENCY SILVER CORP. ANNOUNCES SECOND UPSIZE OF BROKERED PRIVATE PLACEMENT TO $3.1M AND PENDING COMPLETION OF 2 FOR 1 SHARE CONSOLIDATION
Regency Silver Corp. has upsized its previously announced (Aug. 7 and Aug. 18) best efforts brokered private placement led by Centurion One Capital Corp. as lead agent and sole bookrunner due to strong investor demand. Under the amended terms, the company will issue up to 62 million units of the company at five cents per unit for aggregate gross proceeds of up to $3.1-million.
Each unit shall consist of one common share in the capital of the company and one-half of one share purchase warrant. Each full warrant shall entitle the holder thereof to purchase one additional share at a price of 10 cents for a period of 24 months from the closing date (as defined herein).
The net proceeds of the offering will be used for drilling on the company's Dios Padre project in Sonora, Mexico, and general working capital purposes.
The offering is expected to close on or around Aug. 27, 2025, or such other date as agreed upon between the company and the lead agent (the closing date), and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange, and the completion of the consolidation (as defined below). Assuming completion of the consolidation, the issue price will be 10 cents per unit and each full warrant will be exercisable at a price of 20 cents. The securities to be issued under the offering will have a hold period of four months and one day from the closing date.
The offering is conditional upon the company completing a consolidation of its issued and outstanding common shares at a ratio of two preconsolidation common shares to one postconsolidation common share. The consolidation is expected to take effect on or about Aug. 26, 2025.
There are currently 112,083,201 common shares issued and outstanding. Subsequent to the consolidation, the company will have approximately 56,041,600 common shares issued and outstanding, subject to rounding. No fractional shares will be issued as a result of the consolidation and any fractional shares resulting from the consolidation will be rounded down to the next whole common share. No cash consideration will be paid in respect of fractional shares.
Registered shareholders holding share certificates will be mailed a letter of transmittal advising of the consolidation and instructing them to surrender the share certificates representing preconsolidation shares for replacement certificates or a direct registration advice representing their postconsolidation shares. Until surrendered for exchange, each share certificate formerly representing preconsolidation shares will be deemed to represent the number of whole postconsolidation shares to which the holder is entitled as a result of the consolidation.
The new Cusip and ISIN numbers for the postconsolidation common shares are Cusip 75889D208/ISIN CA75889D2086. The postconsolidation shares will continue to trade on the TSX Venture Exchange under the company's existing name and trading symbol.
About Regency Silver Corp.
Regency Silver is a Canadian resource company exploring for high-grade gold, copper and silver in Mexico. Regency Silver is led by a team of experienced professionals with expertise in both exploration and production.
We seek Safe Harbor.
View at source ↗