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Kuya Silver Announces Closing of Second and Final Tranche of Strategic Investment by Trafigura

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Kuya Silver Announces Closing of Second and Final Tranche of Strategic Investment by Trafigura

 

 

 

 

 

Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) is pleased to announce it has closed the second and final tranche of a USD$1,200,000 non-brokered private placement pursuant to an agreement with Trafigura Pte Ltd, through two of its subsidiaries, whereby Trafigura has invested USD$970,000 to acquire 5,266,324 units of Kuya Silver at a price of CDN$0.25 per Unit to support the restart of production from the Bethania mine located in central Peru, to produce silver-lead and zinc concentrates. Each Unit consists of one common share in the capital of Kuya Silver and one Common Share purchase warrant. Each Warrant entitles the holder to acquire one Common Share for $0.37 until April 11, 2026. Trafigura has agreed to hold the Common Shares acquired in the Offering for a minimum of one year and will immediately exercise the Warrants if the Common Shares trade at a premium of 25% to the Warrant exercise price for one month.

 

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 April 12, 2024

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