Regency Silver Corp. (TSX-V:RSMX, OTCQB:RSMXF) announced that it will be raising C$800,000 in a non-brokered private placement offering of up to 4 million units of the company for C$0.20 per share.
Each unit will consist of one share and one-half of a transferable share purchase warrant entitling the holder to acquire an additional share at C$0.30 for two years from the date of issuance.
Regency Silver said it will pay finder’s fees equal to 8% of the proceeds raised.
The private placement is expected to close on or before December 22, 2023.
"We would like to thank our shareholders for their ongoing support of the company,” Regency Silver chairman Bruce Bragagnolo said.
Regency Silver is a gold-copper-silver exploration company focused on the Americas.