The Prospector News

Kuya Silver Announces Closing of Oversubscribed Flow Through Financing to Fund Exploration at the Silver Kings Project, Ontario, Canada

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Kuya Silver Announces Closing of Oversubscribed Flow Through Financing to Fund Exploration at the Silver Kings Project, Ontario, Canada

 

 

 

 

 

Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (Frankfurt: 6MR1) announces it has closed its non-brokered flow-through private placement with gross proceeds raised of CDN$2,500,160. Under the Offering, the Company issued 5,208,667 flow-through units at a price of CDN$0.48 per FT Unit. Each FT Unit is comprised of one common share in the capital of the Company that qualifies as a “flow-through share” for the purposes of the Income Tax Act (Canada) and one-half of one non-transferable common share purchase warrant. Each Warrant entitles the holder to purchase one non-flow-through common share in the capital of the Company at price of CDN$0.64 per Common Share until June 19, 2026. The proceeds from the Offering will be used for expenditures that qualify as Canadian Exploration Expenses, within the meaning of the Income Tax Act (Canada), to carry out exploration programs on the Company’s Canadian properties.

In connection with the Offering, the Company paid finder’s fees to qualified non-related parties, in accordance with the policies of the Canadian Securities Exchange, including a cash commission totalling CDN$34,809.61, equal to 6% of proceeds raised, and an equity commission valued at CDN$115,200, equal to 6% of proceeds raised, settled by the issuance of 267,907 Common Shares at a deemed price per share of CDN$0.43.

All securities issued under the Offering, including securities issuable on exercise thereof, will be subject to a hold period expiring October 20, 2024, in accordance with the rules and policies of the Exchange and applicable Canadian securities laws.

About Kuya Silver Corporation

Kuya Silver is a Canadian-based mineral exploration and development company with a focus on acquiring, exploring, and advancing precious metals assets in Peru and Canada.

Posted June 20, 2024

Share this news article

MORE or "UNCATEGORIZED"


G Mining Ventures Announces Closing of Private Placements and Receipt of Final Order for Arrangement with Reunion Gold

All amounts are in USD unless stated otherwise $50 million privat... READ MORE

July 12, 2024

SilverCrest Provides Second Quarter Operational Results

Record Revenue, Treasury Assets Increased by 34% During the Quart... READ MORE

July 12, 2024

New Found Intercepts Nine New Gold Zones Spanning 3km in Strike, Doubles Known Vertical Extent of Gold Mineralization to 820m Depth at Queensway

New Found Gold Corp. (TSX-V: NFG) (NYSE-A: NFGC) is pleased to a... READ MORE

July 11, 2024

Kobo Resources Reports Significant Gold Intersections at its Kossou Gold Project With 9.0 Metres at 23.89 g/t Au, Including 1.0 Metre at 210.00 g/t Au and 9.0 Metres at 4.27 g/t Au

Completion of First Diamond Drill Program with 25 Holes (4,368 m)... READ MORE

July 11, 2024

International Battery Metals (IBAT) Commences Operations of World's First Commercial Modular Direct Lithium Extraction (DLE) Plant and First Commercial DLE Plant in North America

Industry-disrupting technology breakthrough vaults IBAT to global... READ MORE

July 11, 2024

Copyright 2024 The Prospector News