- Kuya Silver (KUYA) has closed the first tranche of its non-flow-through offering for gross proceeds of $227,500
- Under the first tranche, the company issued 529,070 non-FT units for $0.43 per unit
- Net proceeds from the first tranche of 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) opened trading at C$0.41
Kuya Silver (KUYA) has closed the first tranche of its previously-announced non-flow-through offering for gross proceeds of $227,500.
Under the first tranche, the company issued 529,070 units for $0.43 per unit. Each unit consists of one common share and one non-transferable share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of $0.70 for a period of 36 months. The company paid finder’s fees of $5,760 and issued 13,395 finder options.
Net proceeds from the first tranche of the non-FT offering will be used for general working capital purposes.
All securities issued will be subject to a statutory hold period expiring April 10, 2023.
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) opened trading at C$0.41.