Business
Kuya Silver Announces Completion of Amalgamation and Final Approval from the Canadian Securities Exchange
Vancouver, British Columbia--(Newsfile Corp. - October 1, 2020) - Kuya Silver Corporation (formerly Miramont Resources Corp.) (CSE: KUYA, formerly CSE: MONT) (t
About this update from Kuya Silver Corporation
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - October 1, 2020) - Kuya Silver Corporation (formerly Miramont Resources Corp.) (CSE: KUYA, formerly CSE: MONT) (the \"Company\") is pleased to announce that further to its news releases dated June 11, 2020, July 23, 2020, August 21, 2020 and September 23, 2020 (collectively, the \"News Releases\"), the Company has completed the previously announced amalgamation transaction (the \"Transaction\") with Kuya Silver Corp. (\"Kuya Silver\") and has received final approval to list its 32,340,732 issued and outstanding common shares (the \"Common Shares\") on the Canadian Securities Exchange (\"CSE\"). The Common Shares are expected to begin trading on October 7, 2020 (the \"Trading Resumption Date\") under the symbol \"KUYA\". On closing of the Transaction, as previously announced and detailed in the Company's News Releases, Kuya Silver amalgamated with 2757974 Ontario Inc. to form a new corporation named Kuya Silver Inc., which became a wholly-owned subsidiary of the Company. In exchange for all of the issued and outstanding common shares of Kuya Silver, the Company issued 26,763,410 Common Shares to the former Kuya Silver shareholders. As a result, on closing, David Stein, acquired ownership or control of 8,869,165 Common Shares of the Company. Pursuant to the Transaction, Mr. Stein, the President and CEO of the Company, beneficially owns or controls, directly or indirectly, an aggregate of 8,869,165 Common Shares, representing approximately 27.62% of the Common Shares of the Company as at the date hereof. In addition, Mr. Stein also holds 303,692 common share purchase warrants, assuming exercise of the warrants by Mr. Stein and without taking into account the exercise of any other warrants issued in connection with the Transaction, Mr. Stein would hold approximately 28.1% of the issued and outstanding Common Shares on a partially diluted basis. For the purposes of National Instrument 62‐103 early warning reporting, the Common Shares were acquired as a result of the Transaction and are held for investment purposes, Mr. Stein may, from time to time, acquire additional securities of the Company, or dispose of such securities as he deems appropriate. An early warning report will be electronically filed with the applicable securities regulators and will be available for viewing at the Canad...