Regency Silver Corp. announced a non-brokered private placement of up to 4,000,000 units a price of CAD 0.20 per unit for the aggregate gross proceeds of CAD 800,000 on December 18, 2023. Each unit will consist of one common share of the company and one half of one transferable common share purchase warrant.

Each whole warrant shall entitle the holder to acquire one additional common share in the capital of the company at a price of CAD 0.30 per share for a period of two years from the date of issuance. The transaction is expected to close on or before December 22, 2023. There will be finders fees payable in cash or securities, as permitted by the policies of the Exchange.

Finder?s fees will be equal to 8% of the proceeds raised by the finder. All common shares issued under the private placement will be subject to a four month hold period, in accordance with applicable Canadian securities laws. The transaction is subject to the approval of the regulatory authorities.