Kuya Silver Corporation Successfully Closes Third and Final Tranche of 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 third and final tranche (the “Final Tranche”) of its non-brokered private placement (the “Offering”) by issuing 2,343,000 common shares in the capital of the Company (each a “Common Share”) at CAD$0.25 per Common Share for gross proceeds of CAD$585,750.
This announcement comes after the successful completion of the first and second tranches of the Offering, which raised a total of CAD$2,314,250. The Offering in its entirety raised a total of CAD$2,900,000 for the Company.
Impact on Kuya Silver Corporation
With the successful closure of the Final Tranche, Kuya Silver Corporation will be able to further advance its exploration and development projects. The funds raised from the Offering will be used primarily for exploration drilling, permitting, and other expenses related to the Company’s flagship project, the Alta Verde Silver Project in Mexico.
The Company’s President and CEO, Mr. Mark Edwards, expressed his excitement about the successful completion of the Offering and the opportunities it presents for the Company. “We are thrilled to have raised the necessary funds to advance our exploration efforts at Alta Verde. This is an exciting time for Kuya Silver, and we are confident that the results of our upcoming drilling program will further validate the potential of this project,” he said.
Impact on the World
The mining industry, and specifically the silver mining sector, plays a significant role in the global economy. The demand for silver is driven by its use in various industries, including electronics, jewelry, and industrial applications. The successful completion of Kuya Silver’s private placement is a positive sign for the silver mining sector and the economy as a whole.
The funds raised by Kuya Silver will contribute to the exploration and development of silver deposits. This, in turn, could lead to the discovery of new silver deposits, which could increase the global supply of silver. An increase in supply could help to stabilize or even lower silver prices, making it more affordable for consumers and businesses that rely on silver.
Conclusion
In conclusion, Kuya Silver Corporation’s successful closure of the third and final tranche of its private placement is a positive development for the Company and the silver mining sector. The funds raised will enable Kuya Silver to advance its exploration and development projects, specifically at the Alta Verde Silver Project in Mexico. Furthermore, the increase in supply of silver that could result from the discovery of new deposits could help to stabilize or lower silver prices, benefiting consumers and businesses.
- Kuya Silver Corporation closes third and final tranche of private placement
- Raises CAD$585,750 in Final Tranche, CAD$2,900,000 in total
- Funds will be used for exploration drilling, permitting, and other expenses
- Positive sign for the silver mining sector and the economy
- Could lead to discovery of new silver deposits and increased global supply
