Kuya Silver upsizes brokered placement to C$25.5M, issues 25.5M units
Kuya Silver raised its brokered placement to C$25.5 million by issuing 25.5 million units at C$1.00, each paired with a 36-month warrant at C$1.30. Net proceeds will enhance processing capacity at the Bethania silver project in Peru, advance Silver Kings exploration in Ontario and fund general working capital.
1. Upsized Brokered Private Placement Driven by Investor Demand
Kuya Silver Corporation has increased its brokered private placement from C$15 million to C$25.5 million following strong subscription levels. The upsized placement is split between C$15.5 million under the Listed Issuer Financing Exemption and C$10 million under OSC Rule 72-503. Co-led by A.G.P. Canada Investments ULC and Integrity Capital Group Inc., the financing will issue up to 25.5 million units at C$1.00 per unit, reflecting robust institutional and accredited investor interest.
2. Unit Structure and Warrant Coverage
Each unit comprises one common share and one-half of a common share purchase warrant, with each full warrant exercisable to acquire one share at C$1.30 for 36 months. The structure delivers enhanced shareholder leverage: full subscription of 25.5 million units would generate 12.75 million warrants, offering potential incremental capital of up to C$16.6 million if fully exercised.
3. Allocation of Proceeds to Processing Capacity and Exploration
Net proceeds will prioritize vertical integration at the Bethania silver mine in Peru, funding the acquisition or development of concentrate processing facilities—either through purchase of existing operations or new equipment. Additional funds will support ongoing drill programs at the Silver Kings project in Ontario and general corporate and working capital requirements. This targeted capital allocation aims to de‐risk production and capture greater margin from concentrate throughput.
4. Multi-Tranche Closing Schedule and Regulatory Approvals
The placement is scheduled to close in tranches, with the first tranche anticipated on or about January 14, 2026 and final closing by February 20, 2026. The Company must secure required approvals, including from the Canadian Securities Exchange. Units issued under both exemptions will be free of Canadian statutory hold periods, facilitating immediate trading post-closing in applicable jurisdictions.