Regency Silver Announces $2.5M Unit Financing for Dios Padre Drill Program

VANCOUVER, BC / ACCESSWIRE / July 19, 2024 / Regency Silver Corp. has arranged a non-brokered private placement of up to 16.6 Million Units at CAD$0.15 per Unit, aiming for gross proceeds of CAD$2.5 Million. Each Unit includes one common share and one share purchase warrant, exercisable at $0.25 per share for two years. The placement awaits regulatory approval.

Proceeds will fund the drill program at the Dios Padre project in Sonora, Mexico, and general working capital. Lead geologist Michael Tucker expressed optimism about the project's potential for high-grade gold-copper-silver findings. Drilling will commence post-financing.

Previous drill results at Dios Padre have been promising, with notable intersections such as Hole REG-23-21. The site shows characteristics of a high-sulphidation system linked to a Laramide magmatic arc, marking significant hydrothermal activity.

Executive Chairman Bruce Bragagnolo highlighted the expansion potential, emphasizing the discovery's implications for the district's prospectivity.