- Kuya Silver (KUYA) announced a non-brokered private placement for gross proceeds of up to $2,000,000
- The company will issue flow-through units for $0.50 per unit and non-FT units for $0.43 per unit
- Net proceeds from the FT offering will be used to carry out exploration programs on the company’s properties, and proceeds from the non-ft offering will be used for general working capital purposes
- Kuya Silver is a Canada‐based mineral exploration and development company
- Kuya Silver Corp. (KUYA) is down 1.23 per cent, trading at C$0.40 per share at 10 am ET
Kuya Silver (KUYA) announced a non-brokered private placement of flow-through and non-flow-through units for gross proceeds of up to $2,000,000.
The company will issue flow-through units priced at $0.50 per unit. Each FT unit consists of one common share and one-half of one non-transferable share purchase warrant. Each whole share purchase warrant entitles the holder to purchase one non-flow-through common share for a period of 36 months.
The company will also issue non-flow-through units priced at $0.43 per unit. Each non-FT unit consists of one common share and one non-transferable share purchase warrant. Each warrant entitles the holder to purchase one share for a period of 36 months.
The gross proceeds from the FT Offering will be used to carry out exploration programs on the Company’s Canadian properties. Proceeds from the non-FT offering will be used for general working capital purposes.
The company may pay finder’s fees to qualified non-related parties in accordance with the policies of the Canadian Securities Exchange.
All securities issued under the offering will be subject to a statutory four-month hold period.
Kuya Silver is a Canada‐based mineral exploration and development company with a focus on acquiring, exploring, and advancing precious metals assets in Peru and Canada.
Kuya Silver Corp. (KUYA) is down 1.23 per cent, trading at C$0.40 per share at 10 am ET.
