Regency Silver Corp announced a non-brokered private placement of 7,500,000 units at a price of CAD 0.20 per unit for gross proceeds of CAD 1,500,000 on August 30, 2023. Each unit will consist of one common share and one-half of one common share purchase warrant. Each warrant shall entitle the holder to acquire one additional common share at a price of CAD 0.30 per share for a period of two years following the date of issuance.

The closing of the transaction is anticipated to take place shortly. The company will pay finders fees 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 transaction is subject to regulatory approval.