- Torex Gold Resources (TXG) to acquire all outstanding shares of Reyna Silver (OTCQB: RSNVF) for CDN$0.13 per share.
- The special meeting for shareholder vote is set for August 11, 2025.
- Reyna Silver's board unanimously recommends shareholders vote in favor of the acquisition.
Reyna Silver Corp. (OTCQB: RSNVF) has filed and distributed its management information circular for a special meeting of securityholders. This meeting is scheduled for August 11, 2025, where shareholders will vote on the proposed acquisition by Torex Gold Resources (TSX: TXG). Under this transaction, Torex will acquire all outstanding shares of Reyna Silver for CDN$0.13 per share in cash.
The arrangement includes provisions for the automatic vesting and cancellation of options, restricted share units (RSUs), and warrants. All equity instruments will be settled with cash payments based on the offer price and respective exercise prices. This is designed to provide immediate liquidity to Reyna Silver shareholders.
Reyna Silver's board of directors has unanimously recommended that shareholders vote in favor of the proposed arrangement. Securityholders must cast their votes by August 7, 2025. Different voting procedures are in place for registered and beneficial holders.
For those holding shares through brokers or intermediaries, it's important to follow the provided voting instructions to ensure their votes are counted. Full details on the transaction, including voting instructions, are available in the circular on Reyna Silver's SEDAR+ profile and the company's website.
