Kuya Silver Corporation announced a non-brokered private placement of up to 1,608,000 at a price of CAD 0.28 per unit for the gross proceeds of up to CAD 450,240 on December 19, 2023. Each flow-through unit comprises one common share in the capital of the company that qualifies as a flow-through share and one-half of one non-transferable common share purchase warrant. Each warrant entitles the holder to purchase one non-flow-through common share in the capital of the company at price of CAD 0.37 per common share for a period of 24 months from the date of issuance.

In connection with the offering, the company may pay finders' fees to qualified non-related parties, in accordance with the policies of the Canadian Securities Exchange. All securities issued under the offering, including securities issuable on exercise thereof, will be subject to a hold period expiring four months and one day after issuance, in accordance with the rules and policies of the exchange and applicable Canadian securities laws.