Star Metro - Reyna Silver Announces Pricing of Concurrent Financing

VANCOUVER, BC AND HONG KONG, CHINA / ACCESS Newswire / June 24, 2025 / Reyna Silver Corp ("Reyna Silver" or the "Company") (TSXV:RSLV)(OTCQB:RSNVF)(FRA:4ZC) is pleased to announce that, further to its news release dated June 23, 2025 (the "June 23^rd NR"), it has set the price of the securities offered in connection with the non-brokered private placement disclosed in the June 23^rd NR (the "Private Placement").

As previously stated in the June 23^rd NR, in connection with the definitive agreement with Torex Gold Resources Inc. ("Torex") dated June 22, 2025, pursuant to which Torex agreed to acquire all of the issued and outstanding common shares ("Shares") of Reyna Silver (other than Shares held by Torex) by way of a court-approved plan of arrangement (the "Transaction"), Torex agreed to purchase units ("Units") of Reyna Silver for a total investment of $1.1 million pursuant to the Private Placement.

The price of each Unit to be issued under the Private Placement has now been set at $0.095, and, as previously announced, each Unit will be comprised of one Share and one common share purchase warrant (a "Purchaser Warrant"). Each Purchaser Warrant will be exercisable to acquire one Share at an exercise price of $0.13 per Purchaser Warrant for a period of one year.

Reyna Silver has agreed to use the proceeds of the Private Placement to make certain payments relating to its option agreements in Nevada.

Closing of the Private Placement is subject to approval of the TSXV and is expected to close the business day following receipt of such approval. The securities issued pursuant to the Private Placement will be subject to a statutory four-month hold period.

On Behalf of the Board of Directors of Reyna Silver Corp.

Jorge Ramiro Monroy
Chief Executive Officer

For Further Information, Please Contact:

Jorge Ramiro Monroy, Chief Executive Officer
[email protected]
+1 (852) 610-3022
www.reynasilver.com

About Reyna Silver Corp.

Reyna Silver is a growth-oriented junior exploration and development company. Reyna Silver focuses on exploring for high-grade, district-scale silver deposits in Mexico and the United States. In Nevada USA, Reyna Silver has entered into an option to acquire 70% of the 12,058-hectare "Gryphon Summit Project". The Gryphon Project shows features indicating uniquely superimposed/overprinted Silver-Lead-Zinc-Copper Carbonate Replacement (CRD), Carlin Gold and Critical Metals mineralization. Also in Nevada, Reyna Silver is advancing its option to acquire 100% of the "Medicine Springs Project" where Reyna Silver is exploring a potentially significant Silver-Lead-Zinc-Copper CRD-skarn-Porphyry system. Reyna Silver's Mexican assets are 100% owned and include the "Guigui Project" and "Batopilas Project", both located in Chihuahua State. The Guigui Project covers the interpreted source area for the Santa Eulalia Carbonate Replacement Deposit District and Batopilas covers most of Mexico´s historically highest-grade silver system

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements

This news release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this news release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. These forward-looking statements include, among other things, statements relating to the closing of the Private Placement and the anticipated timing thereof; the anticipated use of proceeds from the Private Placement; the timing and receipt of all required approvals, including TSXV approval, to complete the Private Placement; and discussion of future plans, projects, objectives, estimates and forecasts and the timing related thereto.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation, the Company's ability to continue with its stated business objectives and obtain required approvals; the ability of Reyna Silver and Torex to complete the Private Placement; the Company's ability to obtain all required approvals, including TSXV approval, to complete the Private Placement; and the Company's anticipated use of proceeds from the Private Placement. Additionally, forward-looking information involve a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of the Company to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: risks associated with the business of Torex and Reyna Silver; risks related to the satisfaction or waiver of certain conditions to closing of the Transaction; non-completion of the Transaction; the failure of the Company to obtain all court and regulatory approvals required for the Transaction; the failure of the Company to obtain all required approvals, including TSXV approval, to complete the Private Placement; the inability of Torex and Reyna to complete the Private Placement; and other risk factors as detailed from time to time and additional risks identified in the Company's and Torex's filings with Canadian securities regulators on SEDAR+ in Canada (available at www.sedarplus.ca).

Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. Neither the Company nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this news release. Neither the Company nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this news release by you or any of your representatives or for omissions from the information in this news release.

SOURCE: Reyna Silver Corp.

View the original press release on ACCESS Newswire

S.Cloutier--SMC