VANCOUVER, BC, July 15,
2022 /CNW/ - Regency Silver Corp. ("Regency
Silver" or the "Company") (TSXV: RSMX) announces that it has
granted stock options to acquire a total of 1,900,000 common shares
of the Company to directors, officers, employees, and consultants
at a price of $0.07, subject to
vesting requirements. All options were granted pursuant to the
Company's Stock Option Plan and are subject to the terms of the
applicable grant agreements and the requirements of the TSX Venture
Exchange.
The options expire five years from the date of the grant,
subject to the optionees continuing to act as directors, officers,
employees or consultants of the Company.
The Company has cancelled 750,000 stock options previously held
by certain directors pursuant to its Stock Option Plan. The options
had been granted on April 26, 2022 at
an exercise price of $0.25 and the
expiry date was April 26, 2027.
The options were voluntarily surrendered by the holders for no
consideration.
ABOUT REGENCY SILVER
CORP.
Regency Silver is a silver and gold exploration company focused
on the Americas. Regency Silver is led by a team of experienced
professionals with expertise in both exploration and production.
Regency Silver's flagship project is the Dios Padre silver project
in Sonora, Mexico.
For further details about the Company please visit
www.Regency-Silver.com.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Cautionary Note Regarding Forward-Looking
Statements: This news release includes certain
forward-looking statements and forward-looking information
(together, "forward-looking statements"). All statements other than
statements of historical fact included in this release, including,
without limitation, statements regarding the optioning of the
Project by the Company. There can be no assurance that such
statements will prove to be accurate and actual results and future
events may vary from those anticipated in such statements.
Important risk factors that could cause actual results to differ
materially from the Company's plans or expectations include the
risk that TSX Venture Exchange acceptance of the option agreement
will not be obtained, regulatory changes, fundraising, and risk
associated with mineral exploration, including the risk that actual
results of exploration will be different from those expected by
management. The forward-looking statements in this news release
were developed based on the expectations of management, including
that Exchange acceptance for the proposed transaction will be
obtained, conditions will be satisfied, required fundraising will
be completed and the other risks described above will not
materialize. The Company expressly disclaims any intention or
obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise,
except as otherwise required by applicable securities
legislation.
SOURCE Regency Silver Corp