Regency Silver Corp. (TSX-V:RSMX, OTCQB:RSMXF) told investors it has completed the final tranche of a previously announced non-brokered private placement. The company raised a total of C$1,751,380, after upsizing the placement due to demand.
In the final tranche, it issued 3,143,400 units at $0.20 each for gross proceeds of C$628,680. Each unit comprises one common share and one-half of one transferable common share purchase warrant.
The proceeds will be used for exploration and development of the company's properties and general working capital.