Reyna Silver Corp. is pleased to announce that it has entered into an agreement with Eight Capital, as lead underwriter and bookrunner, and on behalf of a syndicate of underwriters in connection with a “bought deal” private placement financing of 13,334,000 units of the Company at a price of C$0.30 per Unit for aggregate gross proceeds of C$4,000,200.
“Marc and I worked closely at Barrick Gold and most recently in a private venture. I believe that Marc has the right skill set to facilitate Argonaut’s repositioning to a lower cost North American gold company with significant organic growth opportunities,” stated Richard Young, President and Chief Executive Officer.
While the Company and Canasil are not proceeding with the transactions contemplated by the LOI following its expiry, the parties may still explore alternative strategic transactions in the future.
Defiance Silver Corp. is pleased to announce the appointment of Mr. Douglas Cavey to the position of Executive Vice President.
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