Kuya Silver Announces $2 Million Best Efforts Private Placement Financing

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[{"type":"text","content":" VANCOUVER, BC, July 26, 2022 /CNW/ - Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the \"Company\" or \"Kuya Silver\") is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. and Research Capital Corporation (the \"Co-Lead Agents\") on behalf of a syndicate of agents (collectively, the \"Agents\"), in connection with a proposed best efforts private placement financing (the \"Private Placement\") of units (\"Units\") for total proceeds of up to approximately $2,025,000. The Private Placement is expected to consist of up to 4,500,000 Units at a price of $0.45 per Unit. Each Unit will consist of one (1) common share (each, a \"Common Share\") in the capital of the Company and one (1) transferrable common share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant will entitle the holder to purchase one Common Share at a price of $0.70 per Common Share until the date that is five (5) years from the date of issuance. The Company intends to use the proceeds from the Private Placement for general working capital purposes. The Private Placement will be conducted in all provinces of Canada pursuant to private placement exemptions, in the United States to \"qualified institutional buyers\" pursuant to an exemption from registration under the United States Securities Act of 1933, as amended, and in such other jurisdictions as are agreed to by the Company and the Agents in accordance with applicable law. Closing is expected to occur on or about August 9, 2022 and is subject to certain conditions, including but not limited to the receipt of all necessary corporate and regulatory approvals, including the approval of the Canadian Securities Exchange. The securities issued and issuable in connection with the Private Placement will be subject to a hold period of four months from closing in accordance with applicable securities laws.   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 the United States or 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. The securities being offered have not been, nor will they be, registered under the United States Securities Act of ...

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