Kuya Announces First Tranche Closing of Non-Brokered Private Placement Pursuant to The Listed Issuer Financing Exemption

Core Points - Kuya Silver Corporation announced the first tranche closing of its non-brokered private placement, issuing 15,860,000 units at CAD$0.50 per unit, raising gross proceeds of CAD$7,930,000 [1][2] - Each unit consists of one common share and one warrant, with warrants allowing the purchase of additional shares at CAD$0.65 until August 14, 2028 [2] - The net proceeds will be used for exploration and development expenses for the Bethania project and general working capital [4] Offering Details - The offering is conducted under the LIFE Exemption, allowing sales to purchasers in Canada (excluding Québec) and other jurisdictions compliant with local securities laws [1] - A cash commission of CAD$66,150 was paid to finders, along with 126,800 finder's warrants, each allowing the purchase of a common share at CAD$0.50 until August 14, 2028 [3] - The securities issued are not registered under the U.S. Securities Act and cannot be sold in the U.S. without proper registration or exemption [5] 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 [6]