- Kuya Silver (KUYA) intends to raise gross proceeds of C$2M through a non-brokered private placement
- The company plans to use the proceeds for general working capital
- Kuya Silver explores and develops precious metals assets in Peru and Canada
- Kuya Silver (KUYA) is down by 6.48 per cent trading at $1.01 per share
Kuya Silver (KUYA) intends to raise gross proceeds of C$2M through a non-brokered private placement.
It will offer up to 2M units priced at $1 per unit.
Each unit consists of one common share and one-half of one transferrable common share purchase warrant.
Each warrant entitles the holder to purchase one common share priced at $1.40 for up to two years from the date of issuance.
The company plans to use the proceeds for general working capital.
Recent surficial mineralized vein clusters sampled from its Bethania Silver Project returned up to 1,016 g/t silver and 12.15 g/t gold.
Kuya Silver is a Canadian‐based mineral exploration and development company focused on precious metals assets in Peru and Canada.
Kuya Silver (KUYA) is down by 6.48 per cent trading at $1.01 per share as of 12:24 pm EST.