Core Viewpoint - Kuya Silver Corporation is initiating a non-brokered private placement to raise between CAD$5 million and CAD$10 million through the issuance of 10 million to 20 million units at CAD$0.50 per unit [1][4]. Group 1: Offering Details - Each unit will consist of one common share and one warrant, with the warrant allowing the purchase of an additional common share at CAD$0.65 for 36 months [2]. - The offering is being conducted under the LIFE Exemption, allowing it to be offered to Canadian residents (excluding Québec) and other jurisdictions compliant with local securities laws [1][4]. - The offering may close in multiple tranches, with the first tranche expected by July 31, 2025, and the final closing by September 7, 2025 [5]. Group 2: Financial Advisor and Fees - Kuya Silver has engaged ECM Capital Advisors Ltd. as its financial advisor, with potential fees including a cash commission of up to 7% on total proceeds and the issuance of Finder's Warrants [3]. - Each Finder's Warrant will allow ECM to acquire one common share at CAD$0.50 for 36 months [3]. Group 3: Use of Proceeds - The net proceeds from the offering will be allocated for exploration and development expenses related to the Bethania project and for general working capital [4]. Group 4: Company Overview - Kuya Silver is a Canadian-based mining company focused on silver, operating the Bethania silver mine in Peru and developing projects in Peru and Canada [9].
Kuya Announces Non-Brokered Private Placement Pursuant to the Listed Issuer Financing Exemption
Newsfile·2025-07-24 21:26