Reyna Silver Announces Closing of First Tranche of Bought Deal Financing for C$4.9 Million

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VANCOUVER, British Columbia and HONG KONG, Feb. 13, 2023 (GLOBE NEWSWIRE) -- Reyna Silver Corp. (TSXV: RSLV; OTCQB: RSNVF; FRA: 4ZC) (“Reyna” or the "Company") is pleased to announce the closing of the first tranche of its previously announced “bought deal” private placement (the “Offering”) of units for gross proceeds of C$4,999,800 (the “LIFE Tranche”). Under the LIFE Tranche, the Company sold 16,666,000 units of the Company (the "Units") at a price of C$0.30 per Unit. The Offering is being completed pursuant to an underwriting agreement dated February 13, 2023 (the “Underwriting Agreement”) with Eight Capital, as lead underwriter and bookrunner, and a syndicate of underwriters (collectively, the “Underwriters”).