Kuya Silver Announces $2 Million Best Efforts Private Placement Financing
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Kuya Silver Announces $2 Million Best Efforts Private Placement Financing
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Vancouver, British Columbia - (Newsfile Corp. – July 26, 2022) - 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 1933, as amended, and such securities may not be offered or sold within the United States absent
registration under U.S. federal and state securities laws or an applicable exemption from such U.S.
registration requirements.
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 the Company at:
Kuya Silver Corporation
Telephone: (604) 398-4493
www.kuyasilver.com
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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 words "may," "would,"
"could," "will," "intend," "plan," "anticipate," "believe," "estimate," "expect," "must," "next," "propose,"
and similar expressions, as they relate to the Company or its management, are intended to identify such
forward-looking information. Without limiting the generality of the foregoing statements, the Company
meeting all conditions for a timely closing of the Private Placement, including obtaining all required
approvals, and the proposed use of the proceeds of the Private Placement, are forward-looking
statements. Investors are cautioned that statements including forward -looking information are not
guarantees of future business activities and involve risks and uncertainties, and that the Company's future
business activities may differ materially from those described in the forward-looking information as a
result of various factors, including but not limited to fluctuations in market prices, successes of the
operations of the Company, continued availability of capital and financing, and general economic, market,
and business conditions. There can be no assurances that such forward-looking information will prove
accurate, and therefore, readers are advised to rely on their own evaluation of the risks and uncertainties.
The Company does not assume any obligation to update any forward-looking information except as
required under the applicable securities laws.
Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada
accepts responsibility for the adequacy or accuracy of this release.