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Reyna Silver Receives Final Court Order for Acquisition by Torex Gold

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Reyna Silver Corp. (OTCQB:RSNVF) has received final court approval from the Supreme Court of British Columbia for its acquisition by Torex Gold Resources (TSX:TXG). The transaction is set to complete on August 20, 2025.

The company will delist its common shares from the TSX Venture Exchange following the transaction closure, with trading expected to halt after market close on August 19, 2025.

Reyna Silver Corp. (OTCQB:RSNVF) ha ottenuto l'approvazione definitiva dalla Corte Suprema della British Columbia per la sua acquisizione da parte di Torex Gold Resources (TSX:TXG). L'operazione è prevista si completi il 20 agosto 2025.

Al termine della transazione la società procederà alla cancellazione delle proprie azioni ordinarie dalla TSX Venture Exchange; le negoziazioni dovrebbero interrompersi dopo la chiusura del mercato del 19 agosto 2025.

Reyna Silver Corp. (OTCQB:RSNVF) recibió la aprobación final de la Corte Suprema de Columbia Británica para su adquisición por parte de Torex Gold Resources (TSX:TXG). La transacción está prevista para completarse el 20 de agosto de 2025.

Tras el cierre, la compañía dará de baja sus acciones ordinarias en la TSX Venture Exchange; se espera que la negociación se detenga después del cierre del mercado del 19 de agosto de 2025.

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Reyna Silver Corp. (OTCQB:RSNVF) a obtenu l'approbation finale de la Cour suprême de la Colombie-Britannique pour son acquisition par Torex Gold Resources (TSX:TXG). La transaction devrait être finalisée le 20 août 2025.

À l'issue de la transaction, la société fera radier ses actions ordinaires de la TSX Venture Exchange ; les négociations devraient cesser après la clôture du marché le 19 août 2025.

Reyna Silver Corp. (OTCQB:RSNVF) hat die endgültige gerichtliche Genehmigung des Obersten Gerichts von British Columbia für die Übernahme durch Torex Gold Resources (TSX:TXG) erhalten. Der Abschluss der Transaktion ist für den 20. August 2025 geplant.

Nach Vollzug der Transaktion wird das Unternehmen seine Stammaktien von der TSX Venture Exchange streichen lassen; der Handel soll nach Börsenschluss am 19. August 2025 eingestellt werden.

Positive
  • Final court approval received for acquisition by Torex Gold
  • Clear timeline established for transaction completion
  • Structured transition plan for share trading and delisting
Negative
  • Delisting from TSX Venture Exchange will reduce trading accessibility
  • Trading halt may temporarily affect share liquidity

VANCOUVER, BC AND HONG KONG, CHINA / / August 15, 2025 / Reyna Silver Corp. ("Reyna Silver" or the "Company") (TSXV:RSLV)(OTCQB:RSNVF)(FRA:4ZC) is pleased to announce that the Company has received a final order (the "Final Order") from the Supreme Court of British Columbia approving the statutory plan of arrangement (the "Transaction") with Torex Gold Resources Inc. ("Torex") (TSX:TXG).

The Transaction is anticipated to be completed on Wednesday, August 20, 2025. Reyna Silver has applied to the TSX Venture Exchange (the "Exchange") to delist its common shares form trading on the Exchange following closing of the Transaction. Reyna Silver will request that trading in its common shares be halted after market close on Tuesday, August 19, 2025.

On Behalf of the Board of Directors of Reyna Silver Corp.

Jorge Ramiro Monroy
Chief Executive Officer

For Further Information, Please Contact:

Jorge Ramiro Monroy, Chief Executive Officer
[email protected]
+1 (852) 610-3022

About Reyna Silver Corp.

Reyna Silver is a growth-oriented junior exploration and development company. Reyna Silver focuses on exploring for high-grade, district-scale silver deposits in Mexico and the United States. In Nevada USA, Reyna Silver has entered into an option to acquire 70% of the 12,058-hectare "Gryphon Summit Project". The Gryphon Project shows features indicating uniquely superimposed/overprinted Silver-Lead-Zinc-Copper Carbonate Replacement (CRD), Carlin Gold and Critical Metals mineralization. Also in Nevada, Reyna Silver is advancing its option to acquire 100% of the "Medicine Springs Project" where Reyna Silver is exploring a potentially significant Silver-Lead-Zinc-Copper CRD-skarn-Porphyry system. Reyna Silver's Mexican assets are 100% owned and include the "Guigui Project"and "Batopilas Project", both located in Chihuahua State. The Guigui Project covers the interpreted source area for the Santa Eulalia Carbonate Replacement Deposit District and Batopilas covers most of Mexico´s historically highest-grade silver system.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements

This news release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this news release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. These forward-looking statements include, among other things, closing of the Transaction and the delisting of Reyna Silver's common shares from the Exchange.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation, the Company's ability to satisfy the terms and conditions precedent of the Transaction in order to consummate the Transaction; the ability of Reyna Silver and Torex to complete the Transaction; the Company's ability to secure legal and regulatory approvals required to complete the Transaction; and the Company's ability to continue with its stated business objectives and obtain required approvals. Additionally, forward-looking information involve a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of the Company to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: risks associated with the businesses of Torex and Reyna Silver; risks related to the satisfaction or waiver of certain conditions to closing of the Transaction; non-completion of the Transaction; the failure of the Company to obtain all court and regulatory approvals required for the Transaction; and other risk factors as detailed from time to time and additional risks identified in the Company's and Torex's filings with Canadian securities regulators on SEDAR+ in Canada (available at ).

Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. Neither the Company nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this news release. Neither the Company nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this news release by you or any of your representatives or for omissions from the information in this news release.

SOURCE: Reyna Silver Corp.



View the original on ACCESS Newswire

FAQ

When will Reyna Silver (RSNVF) complete its acquisition by Torex Gold?

The acquisition is scheduled to complete on August 20, 2025.

What approval did Reyna Silver receive for the Torex Gold acquisition?

Reyna Silver received a final order from the Supreme Court of British Columbia approving the statutory plan of arrangement with Torex Gold.

When will Reyna Silver (RSNVF) shares stop trading?

Trading in Reyna Silver shares will be halted after market close on August 19, 2025.

What happens to Reyna Silver's stock listing after the Torex Gold acquisition?

Reyna Silver will be delisted from the TSX Venture Exchange following the closing of the transaction.

Who is leading the Reyna Silver transition during the Torex Gold acquisition?

The transition is being led by Jorge Ramiro Monroy, who serves as the Chief Executive Officer of Reyna Silver.
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