Kuya Announces Upsize of Brokered Private Placement for Gross Proceeds of up to $25.5 Million
TMX Newsfile·2026-01-07 12:30

Core Viewpoint - Kuya Silver Corporation has increased its brokered private placement offering from $15,000,000 to $25,500,000 due to strong investor demand [1] Group 1: Offering Details - The upsized offering will consist of the sale of up to 25,500,000 units at a price of $1.00 per unit, with each unit comprising one common share and one-half of a common share purchase warrant [2] - Each warrant will allow the holder to acquire an additional common share at a price of $1.30 for a period of 36 months from issuance [2] - The offering will be completed under the LIFE Exemption and OSC Rule 72-503, allowing for distributions outside Canada [3] Group 2: Use of Proceeds - The net proceeds from the offering will be used for general corporate purposes, advancing the Bethania project in Peru, exploring the Silver Kings Project in Ontario, and discretionary growth capital [5] Group 3: Closing Timeline - The offering may close in multiple tranches, with the first tranche expected to close around January 14, 2026, and the final closing no later than February 20, 2026 [6]

Kuya Announces Upsize of Brokered Private Placement for Gross Proceeds of up to $25.5 Million - Reportify