Kuya Silver Announces Closing of Additional Convertible Financing
Summary
At the option of the Investor, the principal amount of Additional Debenture (up to a maximum of $436,500), together with accrued interest on such principal amount, is convertible into Common Shares of the Company at a conversion price equal to the closing price of the Common Shares on the CSE on the day prior to the conversion. The proceeds of the financing will be used for mining operations at the Bethania Project, Peru and general working capital.Subsequent to the disclosure in the Companys Interim Consolidated Financial Statements for the period ended September 30, 2024, an additional $200,000 of the debenture issued October 9, 2024 was converted into Common Shares and, separately, the Company repaid $48,500 in cash against the Additional Debenture. Without limiting the generality of the foregoing statements, any discussion regarding the proposed use of the proceeds of the financing and the Companys business operations, is forward-looking information. There can be no assurances that such forward-looking information will prove accurate, and therefore, readers are advised to rely on their own evaluation of the risks and uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.Neither the CSE nor the Canadian Investment Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/232894