Kuya Silver closes $25 million private placement for Peru operations

Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) completed a brokered private placement raising $25.5 million in gross proceeds, the company announced January 15.

The Toronto-based mining company sold 25.5 million units at $1.00 per unit. Each unit consists of one common share and half of a common share purchase warrant. The warrants allow holders to purchase additional shares at $1.30 each until January 15, 2029.

The company stated it will use proceeds to advance its Bethania project in Peru, including acquiring or developing concentrate processing capacity. Additional funds will support exploration of the Silver Kings Project in Ontario and general corporate purposes.

A.G.P. Canada Investments ULC and Integrity Capital Group Inc. co-led the offering, with A.G.P./Alliance Global Partners serving as US agent. The agents received 6% cash fees on gross proceeds plus a 1% structuring fee capped at $150,000. They also received broker warrants equal to 6% of units sold, exercisable at $1.00 per unit until January 15, 2029.

The offering was completed under National Instrument 45-106 exemptions for Canadian purchasers outside Quebec and other jurisdictions through Ontario Securities Commission Rule 72-503. Units issued under these exemptions are not subject to statutory hold periods.

Kuya Silver operates the Bethania silver mine in Peru and develops silver projects in Peru and Canada. The securities have not been registered under US securities laws and may not be offered or sold in the United States without registration or applicable exemptions.

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