On June 20, 2024, Kuya Silver Corporation closed the transaction. Th company announced that it has issued 5,208,667 flow-through units at a price of CAD 0.48 per unit for the gross proceeds of CAD 2,500,160.16. Each FT Unit is comprised of one common share one-half of one of non-transferable common share purchase warrant.

Each Warrant entitles the holder to purchase one (1) non-flow-through common share in the capital of the Company at price of CAD 0.64 per Common Share for a period of 24 months from the date of issuance. In connection with the offering, the company paid finders' fees to qualified non-related parties, in accordance with the policies of the Canadian Securities Exchange, including a cash commission totaling CAD 34,809.61, equal to 6% of proceeds raised, and an equity commission valued at CAD 115,200, equal to 6% of proceeds raised, settled by the issuance of 267,907 common shares at a deemed price per share of CAD 0.43. All securities issued under the Offering, including securities issuable on exercise thereof, will be subject to a hold period expiring 4 months and 1 day after issuance expiring October 20, 2024.

The transaction was oversubscribed.