Kuya Announces Closing of Brokered Private Placement for $25 Million

Core Viewpoint - Kuya Silver Corporation has successfully closed a brokered private placement, raising a total of $25,500,000 through the sale of 25,500,000 units at a price of $1.00 per unit [1][2]. Group 1: Offering Details - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of an additional common share at $1.30 until January 15, 2029 [2]. - The offering was conducted under National Instrument 45-106 and the LIFE Exemption, allowing sales to purchasers in Canada (excluding Québec) and other jurisdictions compliant with local securities laws [3]. - The securities issued will not be registered under the U.S. Securities Act and cannot be sold in the U.S. without proper registration or exemption [6]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for general corporate purposes, working capital, advancing the Bethania project in Peru, and exploring the Silver Kings Project in Ontario [4]. Group 3: Agents and Fees - The offering was co-led by A.G.P. Canada Investments ULC and Integrity Capital Group Inc., with agents receiving a cash fee of 6% of the gross proceeds and a structuring fee of 1% (up to $150,000) [5]. - Agents also received broker warrants equal to 6% of the total units sold, exercisable at $1.00 until January 15, 2029 [5]. Group 4: Company Overview - Kuya Silver Corporation is a Canadian-based mining company focused on silver, operating the Bethania silver mine in Peru and developing projects in mining-friendly jurisdictions [7].