Mr. David Stein reports
KUYA SILVER ANNOUNCES CLOSING OF FIRST TRANCHE OF STRATEGIC INVESTMENT BY TRAFIGURA
Kuya Silver Corp. has closed the first tranche of a $1.2-milllion (U.S.) non-brokered private placement pursuant to an agreement with Trafigura Pte. Ltd. through two of its subsidiaries, whereby Trafigura has invested $230,000 (U.S.) to acquire 1,248,716 units of Kuya Silver at a price of 25 cents per unit to support the restart of production from the Bethania mine located in central Peru, to produce silver-lead and zinc concentrates. Each unit consists of one common share in the capital of Kuya Silver and one common share purchase warrant. Each warrant entitles the holder to acquire one common share for 37 cents until Dec. 7, 2025. Trafigura has agreed to hold the common shares acquired in the offering for a minimum of one year and will immediately exercise the warrants if the common shares trade at a premium of 25 per cent to the warrant exercise price for one month.
About Kuya Silver Corp.
Kuya Silver is a Canadian-based mineral exploration and development company with a focus on acquiring, exploring and advancing precious metal assets in Peru and Canada.
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