23:58:16 EDT Mon 15 Jul 2024
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or Name

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Kuya Silver Corp
Symbol KUYA
Shares Issued 93,360,399
Close 2024-02-02 C$ 0.23
Market Cap C$ 21,472,892
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Kuya Silver to close second tranche of placement

2024-02-02 17:07 ET - News Release

Mr. David Stein reports


Pursuant to its 10-per-cent rolling equity incentive plan, Kuya Silver Corp. has approved the grant of 812,500 restricted share units and 812,500 stock options to acquire common shares in the capital of the company to certain directors, officers, employees and consultants. The options are exercisable until Feb. 2, 2029, at a price of 25 cents per option, and are subject to vesting provisions. The RSUs will vest and convert into common shares, for no additional consideration, in tranches. Any common shares issued pursuant to the equity grant are subject to a hold period expiring June 3, 2024, unless written approval to issue the common shares without the hold period is obtained from the Canadian Securities Exchange.

The company also announces the second tranche of the non-brokered private placement, pursuant to an agreement with Trafigura Pte. Ltd., whereby Trafigura is to invest $970,000 (U.S.) to acquire units at 25 Canadian cents per unit, is expected to close on or around March 15, 2024. See press releases dated Nov. 6, 2023, Dec. 8, 2023, and Dec. 21, 2023. Each unit consists of one common share and one common share purchase warrant. Each Trafigura warrant entitles the holder to acquire one common share for 37 cents for a period of 24 months from the date of issuance. Securities issued pursuant to the private placement will be subject to a hold period expiring four months and one day from the date of issuance.

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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