Kuya Announces Closing of Brokered Private Placement for $25 Million

Executive Summary

• Kuya Silver Corporation closed a best‑efforts brokered private placement for aggregate gross proceeds of C$25,500,000.
• The offering consisted of 25,500,000 Units sold at C$1.00 per Unit, each unit containing one common share and half of a purchase warrant (full warrant exercisable at C$1.30 per share until 15 Jan 2029).
• Net proceeds will be used for general corporate purposes, advancing the Bethania Project in Peru, further exploration of the Silver Kings Project in Ontario, and discretionary growth capital.

Key Details

• Units sold: 25,500,000 at C$1.00 each → C$25.5 M gross proceeds.
• Unit composition: 1 common share + ½ warrant (full warrant = right to buy one additional share at C$1.30).
• Warrant terms: Exercise price C$1.30 per share; expiry 15 Jan 2029.
• Use of proceeds: General corporate & working capital, acquisition/development of concentrate processing capacity for Bethania Project (including possible off‑site equipment), continued exploration of Silver Kings Project, and discretionary growth capital.
• Placement agents: Co‑led by A.G.P. Canada Investments ULC and Integrity Capital Group Inc.; A.G.P./Alliance Global Partners acted as US Agent.
• Agent compensation: Cash fees equal to 6 % of gross proceeds plus a structuring fee of 1 % (capped at C$150,000); broker warrants equal to 6 % of units sold (exercisable into units at C$1.00 until 15 Jan 2029, subject to statutory hold expiring 16 May 2026).
• Regulatory exemptions: Conducted under NI 45‑106 prospectus exemptions and OSC Rule 72‑503; units not registered in the United States and may not be offered or sold there.

Notable Quotes

(No direct quotes were included in the release.)