Kuya Silver Corporation announced a non-brokered private placement to issue 2,920,218 flow-through units at an issue price of CAD 0.44 for the gross proceeds of CAD 1,284,895.92 on June 29, 2023. Each flow-through unit comprises one common 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 0.60 per common share until January 20, 2025.

In connection with the offering, the company paid CAD 69,173.78 in finder's fees, equal to 6% of the gross proceeds from the offering, and issued 157,213 finder warrants, equal to 6% of the total number of FT units sold by eligible finders under the offering, each finder warrant entitling the holder to purchase one common share at a price of CAD 0.44 until January 20, 2025. All securities issued under the offering, including securities issuable on exercise thereof, are subject to a hold period expiring November 21, 2023, in accordance with the rules and policies of the Canadian Securities Exchange and applicable Canadian securities laws.