- Kuya Silver (OTCQB:KUYAF) has agreed to a term loan financing with two non-arm's-length related parties of the Co. for aggregate proceeds of C$0.3M to be used for general working capital purposes in Peru and Canada.
- The Loan will have a 12-month term and an interest rate of 4%, accrued monthly and additionally, the Co. has agreed to issue the Lenders 0.45M common share purchase warrants.
- Kuya's goal for the Bethania Silver Project remains to build a 350-tpd processing facility as contemplated in the technical report.
- In addition to toll-milling, the Co.'s management believes there are opportunities to expand on the Company's exploration strategy throughout the Bethania district, where several high-priority targets are ready to be followed up.