Reyna Silver Corporation (QX) (RSNVF) Quote

Reyna Silver Announces $1,000,000 CAD Listed Issuer Financing Exemption (LIFE) Private Placement of Units
Reyna Silver Corp.
Thu, Apr 18, 2024, 4:50 PM EDT

VANCOUVER, BC and HONG KONG, CHINA / ACCESSWIRE / April 18, 2024 / Reyna Silver Corp. (TSXV:RSLV; OTCQX:RSNVF; FRA:4ZC) ("Reyna" or the "Company") is pleased to announce a non-brokered listed issuer financing exemption (LIFE) private placement of up to 6,250,000 units of the Company ("Units") at a price of $0.16 per Unit (the "Issue Price") for gross proceeds of up to $1,000,000 (the "Offering"). Each Unit will consist of one common share of the Company (a "Common Share") and one common share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one Common Share at an exercise price of $0.24 for a period of 24 months from the date of issuance.

"Given the increased appetite for silver equities, Reyna Silver has received interest from new and existing institutional investors. Reyna Silver's work at Gryphon resonates with investors, so we have decided to accept extra funding via this offering. These funds will allow us to have a more robust drill campaign at Gryphon. We are eager to start drilling the targets our team is busy finalizing in Nevada right now," said Jorge Ramiro Monroy, Reyna Silver CEO.

The Offering is expected to close in one or more closings and the Company expects to close the first tranche on or about May 10, 2024 or such earlier or later date as the Company may determine. Closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the conditional approval from the TSX Venture Exchange.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the Offering is being made pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the "Exemption"). The securities offered under the Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws. There is an offering document relating to the Offering that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at www.reynasilver.com. Prospective investors should read this offering document before making an investment decision.

The Company may pay certain eligible finders including Red Cloud Securities Inc. a cash fee of up to 7% of the gross proceeds raised in respect of the Offering from subscribers introduced by such finders to the Company. The Company may also issue to eligible finders such number of finder warrants (each, a "Finder Warrant") equal to 7% of the number of Units sold under the Offering to subscribers introduced by such finders to the Company. The Finder Warrants, to the extent they are issued, shall entitle the holder thereof to acquire one Common Share at a price of $0.16 per Common Share for a period of 24 months from the date of issuance.

https://finance.yahoo.com/news/reyna-silver-announces-1-000-205000459.html

Reyna Silver Announces Upsize to LIFE Offering and Concurrent Private Placement and Aggregate Closings of $4.6 Million
Reyna Silver Corp.
Wed, Mar 13, 2024

VANCOUVER, BC and HONG KONG / ACCESSWIRE / March 13, 2024 / Reyna Silver Corp. (TSXV:RSLV)(OTCQX:RSNVF)(FRA:4ZC) ("Reyna" or the "Company") is pleased to announce that, due to investor demand, it is has increased the size of its non-brokered listed issuer financing exemption (LIFE) private placement (the "LIFE Offering"), previously announced on February 14, 2024 and amended February 26, 2024 and March 6, 2024, and its previously announced concurrent non-brokered private placement (the "Concurrent Private Placement", and together with the LIFE Offering, the "Offerings") to purchasers pursuant to other applicable exemptions under NI 45-106. The amended LIFE Offering is for up to 26,666,667 units of the Company ("Units") at a price of $0.12 per Unit (the "Issue Price") for gross proceeds of up to approximately $3,200,000, increased from $2,900,000. Each Unit will consist of one common share of the Company (a "Common Share") and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder thereof to acquire one Common Share at an exercise price of $0.20 for a period of 36 months from the date of issuance.

"We are delighted to receive so much interest in the Offerings from both new and existing shareholders including significant participation from management and insiders," said Jorge Ramiro Monroy, CEO of Reyna Silver. "We are excited to hit the ground running for our summer drill campaign at Gryphon."

The Offerings and Final Closings

The amended Concurrent Private Placement is for up to 12,500,000 Units for gross proceeds of up to approximately $1,500,000. Certain insiders of the Company are participating in the Concurrent Private Placement for 1,633,333 Units for gross proceeds of approximately $196,000. The participation of any insiders may be considered a related party transaction within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Concurrent Private Placement will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities issued to related parties nor the consideration for such securities will exceed 25% of the Company's market capitalization.

The first closing of the LIFE Offering was completed on February 26, 2024. The second closing of the LIFE Offering and the first closing of the Concurrent Private Placement was completed on March 6, 2024. The Company completed a final closing of the LIFE Offering and of the Concurrent Private Placement today, on March 13, 2024, as discussed further below. The closings of the Offerings are subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including final acceptance from the TSX Venture Exchange.


https://finance.yahoo.com/news/reyna-silver-announces-upsize-life-184500211.html

AI-optimized Geophysics Highlights Drill Target at Reyna Silver's Guigui
Reyna Silver Corp.
Mon, Jan 22, 2024

VANCOUVER, BC and HONG KONG / ACCESSWIRE / January 22, 2024 / Reyna Silver Corp. (TSXV:RSLV)(OTCQX:RSNVF)(FRA:4ZC) ("Reyna'' or the "Company") is pleased to share results from ExploreTech's Artificial Intelligence (AI) optimization of existing geophysical data from the Guigui Project in Chihuahua, Mexico. ExploreTech's proprietary AI algorithms highlight a strong, multi-layered magnetic anomaly southeast of the 0.5 sq. kilometre sulphide-mineralized skarn footprint identified in 2022 drilling (See Press Release from April 7, 2022). The results reinforce existing geological thinking that the intrusive source for the district lies in that area and greatly enhance the area's potential (Figure 2). Pads to drill the target are already permitted and accessible.

The Guigui Project covers the southern part of the Santa Eulalia District -one of the world's largest Carbonate Replacement Deposits ("CRDs") with over 500 Million ounces of historical silver production. Reyna's CRD exploration model indicates that the intrusive source and proximal mineralized skarn for the system remain to be found, and ExploreTech's AI approach to modeling the existing geophysics is specifically designed to augment surface-based geological work to locate that intrusive source beneath extensive, but thin, pre-mineral volcanic rock cover.

ExploreTech's platform first uses AI to identify and locate where a geophysical anomaly actually is and then design the optimum hole geometry to hit it. The first step searches a geophysical survey dataset and calculates thousands of possible explanations for anomalies measured at the surface (See exploretech.ai for additional information). For CRDs, the search focuses on solutions most likely to be caused by a source intrusion. This process generates thousands of candidate models that the program then evaluates in 3 dimensions to determine the optimal drilling trajectory to pierce as many of these potential intrusion-related anomalies as possible (See Figure 1).

ExploreTech's use of AI to reveal and reinforce target anomalies in existing geophysical datasets appears to be a significant new exploration tool and Reyna intends to apply it to the extensive existing datasets for its Gryphon Summit and Medicine Springs CRD projects in Nevada.

"We are delighted with the strength and coherence of the anomaly ExploreTech has modeled in the part of Guigui where we've been homing in on the source intrusion for the Santa Eulalia District, and we really look forward to drilling their optimized hole," said Jorge Ramiro Monroy CEO of Reyna Silver. "The results already make a compelling case to immediately apply their AI approach to our new geophysics (AMT) from Medicine Springs and the treasure trove of geophysics that we inherited with Gryphon."


https://finance.yahoo.com/news/ai-optimized-geophysics-highlights-drill-113000609.html

Looks like the presentation sparked some buying interest.

Latest Presentation

Looking for a bottom:

#RSNVF: Reyna Silver Reports High-Grade Silver and Gold Results from Batopilas .... $0.23

https://reynasilver.com/

https://www.otcmarkets.com/stock/RSNVF/news/Reyna-Silver-Reports-High-Grade-Silver-and-Gold-Results-from-Batopilas-Sampling-14371-gt-Silver-with-06-gt-Au-Northeast-?id=372240


OTC DISCLOSURE & NEWS SERVICE
Reyna Silver Reports High-Grade Silver and Gold Results from Batopilas Sampling 14,371 g/t Silver with 0.6 g/t Au Northeast of the Historic Silver Zone, and 32.6 g/t Au in Newly Recognized East Belt 2 km East of Silver Zone
Press Release | 09/13/2022


VANCOUVER, BC and HONG KONG, CHINA / ACCESSWIRE / September 13, 2022 / Reyna Silver Corp. (TSXV:RSLV)(OTCQB:RSNVF)(FRA:4ZC) ("Reyna") is pleased to announce high-grade silver and gold results from its late 2021 to mid-2022 surface and in-mine sampling program focused on the area surrounding the Silver Zone of the historic Batopilas District, Chihuahua, Mexico. Batopilas is believed to be the highest-grade silver system in Mexico's history, having produced an estimated over 300 Moz of native silver from ores that averaged over 1500 g/t. Reyna's work has identified a previously unrecognized gold overprint on the silver mineralization (See Press Release of April 12, 2022) and the results reported here reflect districtwide exploration to understand how that gold fits into the overall district mineralization history.

Out of nearly 1500 samples, over 10% report between 1.1 and 32.6 g/t Gold and 6% report between 199 and 14,170 g/t Silver. About 25% report a combination of Gold and Silver, with 16 samples returning over 1 g/t Gold plus over 100 g/t Silver together (Table 1 to 4). These results extend several known Silver Zone vein structures by 300 to 1200m and identify 3 new silver and multiple new gold-silver veins in the largely unexplored East Belt 2 kilometers away on the east side of the Batopilas river. Further, the geochemical results appear to indicate that there are two separate gold stages superimposed on the silver mineralization in different parts of the camp, which indicates at least 3 mineralization stages, a hallmark of large, long-lived mineralization systems. The sampling program reported here is complemented by a new district-scale magneto-telluric (MT) geophysical survey and a detailed structural reanalysis. The results from these three facets will be combined to define targets for the next round of drilling.

HIGHLIGHTS
Identification of a new gold zone on the east side of the river - the East Belt - paralleling the Teodoro Gold Zone (previously the "NE Gold Zone") which lies 2 km farther west.
300-1500m extensions into under-explored areas of the high-grade Silver Zone veins.
1458 sample results with 6% ranging from 199 to 14,170 gr/ton Silver with more than 10% reporting Gold values from 1.1 to 32.6 gr/ton (Tables 1 to 4)
Recognition of two geochemically distinct gold events superimposed on earlier silver.
"Our results from applying modern exploration techniques into the underexplored parts of the historic Batopilas district reinforce our belief that exploration has only scratched the surface in Mexico," said Jorge Ramiro Monroy, Pres and CEO of Reyna Silver. "We are very excited to see what the drill reveals next, not only in these new additions to the Silver Zone, but in the new East Belt gold zone in the eastern part of the district".

Dr. Peter Megaw, Chief Exploration Advisor elaborated, "Finding the previously overlooked Teodoro Gold Zone last year launched a multifaceted field program to figure out how gold fits into the overall picture for this remarkable silver, now silver-gold district. Impressive gold values were encountered when we moved into the under-explored East Belt Zone across the Batopilas River and the overall results not only give credence to the developing Batopilas gold story, but highlight underexplored opportunities in the Batopilas high-grade silver zone as well. We are eager to drill the combination of these sampling results with the forthcoming geophysical results and the recently initiated detailed structural study".

Geochemical results indicate at least two different sources for the gold mineralization, a hallmark of a large, very active and well-mineralized system. The gold-bearing structures in the East Belt Zone are structurally similar to the Teodoro Zone (previously identified as the NE Gold Zone). However, although at least one of the East Belt gold vein types is geochemically allied to the Teodoro Gold Zone mineralization, the other is distinctly different. Encountering this parallel, multistage gold mineralization, albeit over 2 kilometers away, gives credence to a developing gold story at Batopilas.

Highlight Table





Figure 1. Map of the Batopilas District showing location of Selective Sampling survey results. Gold is in yellow, and Silver is in blue. The Porfirio Diaz Tunnel is in red. The location of drill holes from Phase 1 are in green, with the standout holes (BA21-30, 34 and BA21-40 and 42A) in black.

2022 Sampling and Exploration Program

The sampling program reported here stems from 2021-2022 geologic work and drilling that identified significant gold and mixed silver-gold mineralization outboard of the district's historic high-grade silver center. That work dramatically increased the district footprint and highlighted additional areas with potential for new gold and silver veins and extensions of previously known veins. Sampling was performed along surface traverses guided by strong geological lineaments identified in satellite imagery, projections of structural trends recognized in old mines and zones where overlooked veins were suspected. A total of 1,458 samples were collected and submitted for assay with appropriate control duplicates, standards and blanks. At least 25 percent of the samples reported either strong silver or gold anomalies or combined silver-gold anomalies.

The East Belt is a new gold-silver zone identified on the east side of the Batopilas river, where only limited sampling had been done previously. The East Belt structures trend roughly parallel to the nearly N-S trend of the Teodoro Gold Zone discovered in 2021 over 2km to the north-west on the other side of the Batopilas river. The East Belt structures show both gold-dominant and mixed gold-silver zones as is seen at Teodoro (See Press Release, April 12, 2022). Geochemically, there appear to be two distinct gold mineralizing stages-one very similar to Teodoro, the other distinctly different. The three principal gold-rich veins of the East Belt include the new Las Pilas and Nestor veins and the southwestern extension of the historic Nevada-Valenciana native silver vein. (Figure 1., Tables 2 and 4).
Nine silver veins of the Silver Zone were delineated through surface and underground mapping and sampling, which extended them between 300 and 1200 m beyond their known lengths. The structures show the pinch and swell of thickness from 0.2 to 1m characteristic of Batopilas. All returned significant silver values, with most of them featuring samples with over 1,000 g/t Ag. Three of these structures have never been drilled, and two have seen very little drilling. The extensions of these veins clearly warrant further drilling and a number of additional structures with shorter recognized outcrop lengths remain to be mapped and sampled in detail. (Figure 1., Table 2 and 3)
The sampling program is complemented by a new district-scale magneto-telluric (MT) geophysical survey and a detailed structural reanalysis. The results from these three facets will be combined to define targets for the next round of drilling.
Table 2. The 16 samples returning over 1 g/t Gold plus over 100 g/t Silver together.

https://www.otcmarkets.com/stock/RSNVF/security

#RSNVF: https://www.otcmarkets.com/stock/RSNVF/news