Kuya Silver closes financing, extends IR agreement

Executive Summary

• Kuya Silver Corp. has closed the second and final tranche of its non-brokered private placement, raising $1.14 million.
• The total offering now comprises 18.14 million units with aggregate gross proceeds of $9.07 million.
• Net proceeds are designated for exploration and development of the Bethania project and general working capital.

Key Details

• Transaction Structure: Non-brokered private placement pursuant to the Listed Issuer Financing Exemption (NI 45-106 Part 5A).
• Second Tranche Specifics:
  • Units Issued: 2.28 million units.
  • Price: $0.50 per unit.
  • Gross Proceeds: $1.14 million.
• Total Offering Cumulative:
  • Total Units Issued: 18.14 million units (including first tranche).
  • Total Gross Proceeds: $9.07 million.
• Warrant Terms (Second Tranche):
  • Each unit includes one common share and one common share purchase warrant.
  • Exercise Price: $0.65 per common share.
  • Expiry: August 20, 2028.
  • Hold Period: No statutory hold period under Canadian securities laws (subject to LIFE limitations).
• Finder Compensation (Second Tranche):
  • Cash Commission: $45,600 (up to 4.0% of total proceeds from finder-introduced subscribers).
  • Warrants Issued: 91,200 non-transferable common share purchase warrants.
  • Finder Warrant Terms: Exercise price of $0.50 per share, expiring August 20, 2028.
  • Finder Warrant Hold Period: Statutory hold period expiring December 21, 2025.
• Use of Proceeds: Exploration and development expenses for the Bethania project and general working capital.
• Investor Relations: Continuation of agreement with Focus Communications Investor Relations at a cost of $6,000 per month, auto-renewing for 12 months unless terminated with 30 days' notice.

Notable Quotes

• None provided in the text.