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Kuya Silver Announces Closing of Final Tranche of Private Placement
Toronto, Ontario--(Newsfile Corp. - August 31, 2023) - Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the "Company" or "Kuya Silver") announces
About this update from Kuya Silver Corporation
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - August 31, 2023) - Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the \"Company\" or \"Kuya Silver\") announces it has closed the second and final tranche of its fully subscribed non-brokered private placement. In this tranche the Company issued 390,000 units (each a \"Unit\") at CAD$0.27 per Unit for gross proceeds of CAD$105,300. Under both tranches, the Company issued 2,781,300 Units for aggregate gross proceeds of $750,951 (the \"Offering\"). Pursuant to the Offering, each Unit entitles the holder to receive one (1) common share in the capital of the Company (each a \"Common Share\") and one-half of one (1/2) transferable Common Share purchase warrant (each whole warrant a \"Warrant\"). Each Warrant entitles the holder to acquire one (1) Common Share at CAD$0.50 for a period of two years from the date of issuance, the second tranche warrants expire August 31, 2025. In connection with the second tranche, the Company paid finders' fees of CAD$5,346, equal to 6% of the total proceeds raised by eligible finders, and issued 19,800 finder warrants (each, a \"Finder Warrant\"), equal to 6% of the number of Units sold by eligible finders. The Finder Warrants are exercisable at CAD$0.50 until August 31, 2025. The Company intends to use the net proceeds from the Offering for general working capital purposes. All securities issued under the second tranche, including securities issuable on exercise thereof, are subject to a hold period expiring January 1, 2024, in accordance with the rules and policies of the Canadian Securities Exchange and applicable Canadian securities laws, except for those issued to investors in foreign jurisdictions. About Kuya Silver Corporation Kuya Silver is a Canadian‐based mineral exploration and development company with a focus on acquiring, exploring, and advancing precious metals assets in Peru and Canada. For more information, please contact: David Stein, President and Chief Executive OfficerTelephone: (604) 398‐[email protected] Reader Advisory This news release contains statements that constitute \"forward-looking information,\" including statements regarding the plans, intentions, beliefs, and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The...