Kuya Silver Corporation announced a non-brokered private placement tp issue 2,777,777 units at an issue price of CAD 0.27 per unit for the gross proceeds of CAD 749,999.79 on August 18, 2023. Each unit comprises one common share and one-half of one transferable common share purchase warrant. Each warrant entitles the holder to acquire one common share at CAD 0.50 for two years from the date of issuance.

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. In connection with the offering, the company may pay certain eligible finders a fee equal to 6% of the gross proceeds from the offering and issue warrants equal to 6% of the total number of units sold.