Business
Kuya Silver Amends Terms of Non-Brokered Private Placement and Closes First Tranche
Vancouver, British Columbia--(Newsfile Corp. - May 12, 2022) - Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the "Company" or "Kuya Silver") a
About this update from Kuya Silver Corporation
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - May 12, 2022) - Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the \"Company\" or \"Kuya Silver\") announces that it has amended the terms of its non-brokered private placement previously announced April 21, 2022 (the \"Private Placement\") and has closed its first tranche (the \"First Tranche\"). The Private Placement now consists of up to 2,222,222 units (\"Units\") at a price of $0.90 per Unit for aggregate gross proceeds of up to $2,000,000. The First Tranche is comprised of 653,334 Units and raised $588,000.60. The Company intends to use the proceeds from the Private Placement for general working capital purposes. Each Unit consists of one (1) common share (each, a \"Common Share\") in the capital of the Company and one-half of one (1/2) transferrable common share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant entitles the holder to purchase one Common Share at a price of $1.20 per Common Share until the date which is two (2) years from the date of issuance. The Company may pay certain finders a 5% cash fee for introducing eligible participants to the Private Placement. In connection with the First Tranche, the Company paid a total of $7,900 to qualified non-related parties, in accordance with the policies of the Canadian Securities Exchange (the \"Exchange\"). All securities issued under the Private Placement, including securities issuable on exercise thereof, are subject to a hold period expiring four months and one day from the date of issuance. The Private Placement is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the Exchange. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent registration under U.S. feder...