Kuya Silver Corporation Announces Closure of Second Tranche in Private Placement
Toronto, Ontario – The Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the “Company” or “Kuya Silver”) is pleased to announce that it has successfully closed the second tranche (the “Second Tranche”) in its non-brokered private placement (the “Offering”) by issuing 5,442,000 common shares in the capital of the Company (each a “Common Share”) at CAD$0.25 per Common Share. This brings the total number of Common Shares issued under the Offering to 10,884,000 and the total gross proceeds raised to CAD$2,721,000.
Background on the Offering
The Offering was initially announced on February 21, 2025, with the Company intending to raise up to CAD$4,000,000 through the issuance of up to 16,000,000 Common Shares at a price of CAD$0.25 per Common Share. The net proceeds from the Offering are intended to be used for general working capital purposes.
Impact on Kuya Silver
With the successful closure of the Second Tranche, Kuya Silver will now have additional working capital to support its ongoing operations. The Company has not yet announced any specific plans for how the funds will be allocated, but with increased financial resources, investors can expect the Company to make strategic moves to grow its business and increase shareholder value.
Impact on the Mining Industry and the World
The mining industry, particularly the silver sector, has seen significant volatility in recent years due to fluctuating commodity prices, geopolitical risks, and environmental concerns. Kuya Silver’s successful private placement is a positive sign for the sector, indicating investor confidence in the long-term potential of silver mining.
Moreover, the proceeds from the Offering can contribute to the overall economic growth of Toronto, Ontario, and Canada, as the mining industry is a significant contributor to the country’s Gross Domestic Product (GDP). The funds can be used to invest in new exploration projects, upgrade existing infrastructure, and create new jobs.
Conclusion
The successful closure of the Second Tranche in Kuya Silver’s private placement is a positive development for the Company and the mining industry as a whole. With additional working capital, Kuya Silver can make strategic moves to grow its business and increase shareholder value. Furthermore, the proceeds from the Offering can contribute to the economic growth of Toronto, Ontario, and Canada by supporting new exploration projects, upgrading infrastructure, and creating new jobs.
- Kuya Silver Corporation successfully closes second tranche of private placement
- 10,884,000 Common Shares issued at CAD$0.25 per share for gross proceeds of CAD$2,721,000
- Net proceeds to be used for general working capital
- Positive sign for the mining industry, particularly the silver sector
- Contributes to economic growth of Toronto, Ontario, and Canada
