Regency Silver Announces Closing of Oversubscribed Private Placement of $2.159M at $0.20 per Share
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FOR IMMEDIATE RELEASE
NEWS RELEASE
Regency Silver Announces Closing of Oversubscribed Private Placement of
$2.159M at $0.20 per Share
Vancouver, BC – December 23, 2022 – Regency Silver Corp. (“Regency Silver” or the “Company”,
TSXV- RSMX and OTCQB -RSMXF) is pleased to announce that it has completed a non-brokered
private placement of 10,795,000 common shares at a price of $0.20 per share for gross proceeds
of CAD$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 our 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.
For further details about Regency Silver please visit the Company’s website at www.Regency-
Silver.com.
Contact Information
Regency Silver Corp.
Bruce Bragagnolo, Executive Chairman
Phone: (604) 417-9517
Email: [email protected]
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Gijsbert Groenewegen, Chief Executive Officer
Phone: 1-646-247-1000
Email: [email protected]
ABOUT REGENCY SILVER CORP.:
Regency Silver is a gold -copper-silver exploration company focused on the Americas. Regency
Silver is led by a team of experienced professionals with expertise in both exploration and
production. Regency Silver’s flagship project is the Dios Padre gold -copper-silver project in
Sonora, Mexico.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:
This news release includes certain forward-looking statements and forward-looking information
(together, “forward-looking statements”). All statements other than statements of historical fact
included in this release, including, without limitation, statements regarding the use of proceeds
of the private placement by the Company. There can be no assurance that such statements will
prove to be accurate and actual resu lts and future events may vary from those anticipated in
such statements. Important risk factors that could cause actual results to differ materially from
the Company's plans or expectations include the risk that regulatory changes, fundraising, and
risk associated with mineral exploration, including the risk that actual results of exploration will
be different from those expected by management. The forward-looking statements in this news
release were developed based on the expectations of management and th at the risks described
above will not materialize. The Company expressly disclaims any intention or obligation to update
or revise any forward-looking statements whether as a result of new information, future events
or otherwise, except as otherwise required by applicable securities legislation.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.