Source: Kuya Silver
  • 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.


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