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Kuya Silver ( (TSE:KUYA) ) has issued an update.
Kuya Silver Corporation has successfully closed the first tranche of its non-brokered private placement, raising CAD$953,750 through the issuance of 3,815,000 common shares at CAD$0.25 per share. The proceeds are intended for general working capital, with a portion of the shares involving insider participation from David Stein, the company’s President and CEO. The transaction is considered a related party transaction but falls within exemptions from certain regulatory requirements. The issuance is subject to a hold period until July 15, 2025, and finder’s fees of $35,500 were paid.
More about Kuya Silver
Kuya Silver is a Canadian-based, growth-oriented mining company focused on silver. It operates the Bethania silver mine in Peru and is developing district-scale silver projects in mining-friendly jurisdictions, including Peru and Canada.
YTD Price Performance: 25.56%
Average Trading Volume: 108,695
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $21.05M
For detailed information about KUYA stock, go to TipRanks’ Stock Analysis page.