The Prospector News

Kuya Silver Announces Closing of Final Tranche of Non-Brokered Private Placement

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Kuya Silver Announces Closing of Final Tranche of Non-Brokered Private Placement

 

 

 

 

 

Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) announces it has closed the third and final tranche in its non-brokered private placement by issuing 2,343,000 common shares in the capital of the Company at CAD$0.25 per Common Share for gross proceeds of CAD$585,750. The Offering raised a total of $2,900,000. The Final Tranche had one insider subscriber, which is considered a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions). The Company is relying on exemptions from the formal valuation requirements of MI 61-101 pursuant to section 5.5(a) and the minority shareholder approval requirements of MI 61-101 pursuant to section 5.7(1)(a) in respect of such insider participation as the fair market value of the transaction, insofar as it involves the interested party, will not exceed 25% of the Company’s market capitalization. The Company intends to use the net proceeds from the Offering for general working capital. All securities issued under the Final Tranche, will be subject to a hold period expiring August 5, 2025, in accordance with the rules and policies of the Canadian Securities Exchange and applicable Canadian securities laws, except for those issued to investors in foreign jurisdictions. In connection with the Final Tranche, the Company paid $2,400 in finder’s fees to certain eligible finders.

About Kuya Silver Corporation

Kuya Silver is a Canadian‐based, growth-oriented mining company with a focus on silver. Kuya Silver operates the Bethania silver mine in Peru, while developing district-scale silver projects in mining-friendly jurisdictions including Peru and Canada.

Posted April 8, 2025

Share this news article

MORE or "UNCATEGORIZED"


Impact Silver Intersects 18.03% ZnEq over 2.60m Including 23.70% ZnEq over 0.73m at the Plomosas Mine

IMPACT Silver Corp. (TSX-V: IPT) (OTCQB: ISVLF) (FSE: IKL) is ple... READ MORE

July 29, 2025

Surge Copper Announces Closing of $5.9 Million Private Placement and Provides Update on Concurrent Strategic Investment

Surge Copper Corp. (TSXV: SURG) (OTCQB: SRGXF) (Frankfurt: G6D2)... READ MORE

July 29, 2025

Opus One Gold Obtains 1.98 g/t Gold Over 11.9 m From Hole NO-25-21, at 400 Vertical Meters on Its Zone 1 Gold Discovery, Noyell Project

Opus One Gold Corp (TSX-V: OOR) is pleased to announce that dril... READ MORE

July 29, 2025

Silver Mountain Completes Oversubscribed $25 Million Bought Deal Prospectus Offering

Silver Mountain Resources Inc. (TSX-V: AGMR) (OTCQB: AGMRF), is... READ MORE

July 29, 2025

Mandalay Discovers New High-Grade Gold Trend at Brunswick South, Adjacent to Existing Costerfield Infrastructure

Mandalay Resources Corporation (TSX: MND) (OTCQB: MNDJF) reports ... READ MORE

July 29, 2025

Copyright 2025 The Prospector News