Regency to present at Beaver Creek Summit Announces Private Placement of up to CAD$1.5 Million at $0.20 per Unit
Regency to present at Beaver Creek Summit
Announces Private Placement of up to
CAD$1.5 Million at $0.20 per Unit
VANCOUVER, BC
,
Aug. 30, 2023
/CNW/ -
Regency Silver Corp.
("Regency" or the "Company",
(TSXV: RSMX) and (OTCQB: RSMXF) is pleased to announce that it will be presenting at the 2023
Precious Metals Summit in
Beaver Creek Colorado
from
September 12 to 15
.
The Beaver Creek Summit is recognized as one of the world's premier independent investment
conferences focused on explorers, developers and emerging producers of gold, silver and platinum
group metals.
Executive Chairman
Bruce Bragagnolo
stated "We are excited to showcase Regency and our new
high grade gold-copper-silver discovery at our wholly owned Dios Padre Project in
Sonora, Mexico
.
Drill results to date include REG-22-01 which intersects
35.8
metres of
6.84
g/t gold,
0.88%
copper
and
21.82
g/t silver along with
13.97 g/t Au, 50.25 g/t Ag and 1.11 % Cu
over
9.8 m
as well as
REG-23-14 which intersects
35.9m
of 5.51 g/t Au including
29.4m
of 6.32 g/t Au.
Indications are
that Dios Padre is a large, long lived magmatic-hydrothermal Au-Cu-Ag system with multiple
overprinting events. Assay results from 7 additional drill holes are expected shortly."
Regency has arranged, subject to regulatory approval, a non-brokered private placement of up to
7,500,000 Units at a price of
CAD$0.20
per unit for gross proceeds of
CAD$1.5 Million
. Each Unit
will consist of one (1) common share in the capital of the Company and one-half of one (1/2)
common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each
Warrant shall entitle the holder to acquire one additional common share in the capital of the
Company at a price of
$0.30
per share for a period of two years following the date of issuance.
Closing of the private placement is anticipated to take place shortly.
There will be finders fees payable in cash or securities, as permitted by the policies of the Exchange
equal to 6% cash and 6% broker warrants of the proceeds raised by the finder.
All securities issued under the private placement will be subject to a four month hold period, in
accordance with applicable Canadian securities laws.
The proceeds will be used for general working capital.
For further details on Regency, please visit the Company's website at
www.regency-silver.com
or
contact Kin Communications at (604) 684-6730 or email
.
Technical Information
The technical information contained in this news release has been reviewed by Company director
Michael Tucker, P.Geo, who is recognized as a Qualified Person under the guidelines of National
Instrument 43-101. Mr. Tucker is a director of the Company and for that reason is not considered
independent. Mr. Tucker has read and approved the technical contents of this news release.
ABOUT REGENCY SILVER CORP.
Regency is a gold-copper-silver exploration company focused on the Americas. Regency is led by a
team of experienced professionals with expertise in both exploration and production. Regency's
flagship project is the Dios Padre gold-copper-silver project in
Sonora, Mexico
. Drill results to date
at Dios Padre include REG-22-01 which intersects
35.8
metres of
6.84
g/t gold,
0.88%
copper
and
21.82
g/t silver along with
13.97 g/t Au, 50.25 g/t Ag and 1.11 % Cu
over
9.8 m
as well as
REG-23-14 which intersects
35.9m
of 5.51 g/t Au including
29.4m
of 6.32 g/t Au.
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.
SOURCE
Regency Silver Corp
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For further information:
Regency Silver Corp., Bruce Bragagnolo, Executive Chairman, Phone: 1-
604-417-9517, Email: [email protected]; Kin Communications Inc., Phone: 1-604-684-
6730, Email: [email protected]
CO: Regency Silver Corp
CNW 04:00e 30-AUG-23