The TSX Venture Exchange has accepted for filing an amending agreement dated Nov. 10, 2023, whereby Reyna Silver Corp. and two arm's-length vendors agree to amend the Medicine Springs, Nevada, option interest acquisition agreement dated Dec. 14, 2022. The amended terms are:
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On or before Feb. 1, 2024: a cash payment of $100,000 and $200,000 in common shares based on a 30-day VWAP (volume-weighted average price) prior to the date of issuance, but in no case valued at less than 12.375 cents;
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On or before Oct. 1, 2024: a cash payment of $150,000 and $100,000 in common shares based on a 30-day VWAP prior to the date of issuance, but in no case valued at less than 12.375 cents.
For more details, please see the company's news release dated Nov. 14, 2023.
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