Regency Silver increases placement to $2.5-million
Executive Summary
- Regency Silver Corp. upsized its best‑efforts brokered private placement to a maximum of $2.5 million after strong investor demand.
- The offering will issue 50 million units at $0.05 per unit, each unit consisting of one common share and half of a share purchase warrant (full warrant allows purchase of an additional share at $0.10 for 24 months).
- Net proceeds are earmarked for drilling on the Dios Padre project in Sonora, Mexico and general working capital, supporting continued exploration of high‑grade gold‑copper‑silver mineralization.
Key Details
- Placement Structure:
- Lead agent & sole bookrunner: Centurion One Capital Corp.
- Units offered: 50 million (each = 1 common share + ½ warrant)
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Price per unit: $0.05 → Gross proceeds up to $2.5 M
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Warrant Terms:
- Full warrant gives right to purchase one additional share at $0.10 per share.
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Exercise period: 24 months from the closing date.
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Use of Proceeds:
- Primary: Drilling program on the Dios Padre project (follow‑up to two prior successful programs).
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Secondary: General working capital.
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Project Context – Dios Padre (Sonora, Mexico):
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Prior drill results cited:
- Hole REG 23‑21: 38 m @ 7.36 g/t Au
- Hole REG 22‑01: 36 m @ 6.84 g/t Au, 0.88 % Cu, 21.8 g/t Ag
- Hole REG 23‑14: 29.4 m @ 6.32 g/t Au
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Insider Participation:
- Insiders, lead agent, and affiliates may acquire up to ≈25 % of the offering.
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Expected exemption from formal valuation/minority shareholder approval under MI 61‑101 because neither price nor consideration exceeds 25 % of market cap.
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Closing & Holding Period:
- Anticipated closing: on or around Aug. 22, 2025 (or other agreed date).
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Securities subject to a four‑month‑plus‑one‑day hold period from the closing date.
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Technical Review:
- Technical information reviewed and approved by director Michael Tucker, P.Geo., qualified under NI 43‑101 (not independent due to directorship).
Notable Quotes
“We were very pleased to see such strong investor demand for this offering. The proceeds will allow us to continue unlocking the value of our exciting Dios Padre project in Mexico,” – Bruce Bragagnolo, CEO.