Kuya Silver To Raise $8.0 Million In Bought Deal Financing

Kuya Silver Corporation (CSE: KUYA) this morning was the latest firm to announce a bought deal financing. The financing will see the company raise gross proceeds of $8.0 million in an offering lead by Cormark Securities.

The financing will see a total of 4.2 million units of the company sold at a price of $1.90 per unit. Each unit is to contain one common share and one half of a common share purchase warrant. Warrants are valid for a period of 24 months from the date of issuance, and contain an exercise price of $2.60 per share.

An over-allotment option for up to an additional 15% of units has also been issued in connection with the financing.

Proceeds from the offering are to be used for development activities at the firms Bethania project, as well as for general working capital.

The financing is expected to close June 16, 2021.

Kuya Silver last traded at $2.10 on the CSE.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Military Seizes Power in Madagascar After President Flees

Altamira Gold Hits 395.5 Metres Of 0.4 g/t Gold At Maria Bonita

Related News

Gold Hits New High Of $2,146, Bitcoin And Silver Join The Rally

The price of gold continued its tear this evening, opening the futures market at $2,071,...

Sunday, December 3, 2023, 06:52:40 PM

Max Resource Releases Bulk Sample Assay Results For Cesar Project

Further assay results have been released this morning by that of Max Resource Corp (TSXV:...

Thursday, May 21, 2020, 08:44:21 AM

Discovery Silver Hits 165 G/T Silver Equivalent Over 128.2 Metres At Cordero

Discovery Silver Corp. (TSXV: DSV) announced today the results of drilling at its Cordero silver...

Tuesday, April 20, 2021, 09:43:00 AM

Riverside Resources to Spinout Silver Asset as Capitan Mining with Special Dividend

This month Riverside Resources (TSXV: RRI, OTC:RVSDF) will be spinning out it’s wholly owned silver...

Saturday, August 8, 2020, 08:25:00 AM

Silvercorp Bids To Take Over Australian Gold Producer OreCorp

Canadian mining firm Silvercorp Metals Inc. (TSX: SVM) has entered into a binding scheme implementation...

Monday, August 7, 2023, 08:02:51 AM