Kuya Silver (TSE:KUYA) has released an update.
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Kuya Silver Corporation is set to bolster its financial position through a convertible financing agreement with L1 Capital, totaling CAD $1,111,111, which will support its expanding silver production at the Bethania Project in Peru. The deal includes secured convertible debentures and share purchase warrants, with provisions for additional funding under certain conditions. This strategic financing is anticipated to enhance the company’s working capital and drive growth as it escalates mining operations and continues drilling activities at two silver projects.
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