Kuya Silver Corporation announced a non brokered private placement to issue minimum of 9,000,000 units and maximum of 14,000,000 units at an issue price of CAD 0.25 per unit for the minimum gross proceeds of CAD 2,250,000 and maximum of CAD 3,500,000 on November 9, 2023. Each Unit will consist of one common share and one Common Share purchase warrant. Each Warrant will entitle the holder thereof to acquire one additional Common Share at an exercise price of CAD 0.37 per Common Share for a period of 24 months from the date of issuance.

The Warrants are subject to accelerated expiration whereby if the closing trading price of the Common Shares on the Canadian Securities Exchange, or such other stock exchange where the majority of the trading volume occurs, for any period of 15 consecutive trading days equals or exceeds CAD 0.50, the Company may, upon issuing a press release accelerate the expiry date of the Warrants to the date that is 15 days following the date of the Acceleration Notice. If the Warrants are not exercised by the accelerated expiry date, the Warrants will expire and be of no further force or effect. The Units issued in the Offering will not be subject to any statutory hold period, subject to limitations prescribed by the LIFE Exemption.

In connection with the Offering, the Company may pay fees to qualified parties, in accordance with the policies of the Exchange, being a cash commission of up to 6.0% on total proceeds received from subscribers introduced to the Company by the Finder and the issuance of non-transferable common share purchase warrants equal to up to 6.0% of total Units issued to subscribers introduced to the Company by the Finder. Each Finder's Warrant will entitle the holder thereof to acquire one Common Share at an exercise price of CAD 0.25 per Common Share for a period of 24 months from the date of issuance. The Company may also pay a flat referral fee to certain Finders.

Securities issued to Finders will be subject to a statutory hold period expiring 4 months and 1 day after issuance in accordance with applicable Canadian securities laws. The Offering may close in multiple tranches, with the first tranche closing expected to occur on or about the week of November 13, 2023 and the final closing to occur no later than December 22, 2023. The Offering is subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the Exchange.