Kuya Silver Announces Issuance of Equity Awards

Rhea-AI Summary

Kuya Silver (CSE: KUYA) (OTCQB: KUYAF) has announced an equity incentive plan implementation, granting 500,000 restricted share units (RSUs) and 1,335,000 stock options to directors, officers, employees, and consultants. The stock options can be exercised until February 10, 2030 at $0.315 per option, subject to vesting conditions. The RSUs will convert into common shares in tranches without additional cost. All shares issued under this equity grant will have a hold period ending June 11, 2025, unless the Canadian Securities Exchange provides written approval for earlier release.

Positive

• Implementation of equity incentive plan to retain and motivate key personnel

Negative

• Potential dilution of existing shareholders through issuance of 1.835 million new shares
• Extended lock-up period until June 11, 2025 limiting share liquidity

Toronto, Ontario--(Newsfile Corp. - February 10, 2025) - Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the "Company" or "Kuya Silver") announces that, pursuant to its 10% rolling equity incentive plan, it has approved the grant of 500,000 restricted share units ("RSUs") and 1,335,000 stock options ("Options") to acquire common shares in the capital of the Company (each a "Common Share"), to certain directors, officers, employees and consultants (the "Equity Grant"). The Options are exercisable until February 10, 2030 at a price of $0.315 per Option and are subject to vesting provisions. The RSUs will vest and convert into Common Shares, for no additional consideration, in tranches. Any Common Shares issued pursuant to the Equity Grant, are subject to a hold period expiring June 11, 2025, unless written approval to issue the Common Shares without the hold period is obtained from the Canadian Securities Exchange.

About Kuya Silver Corporation

Kuya Silver is a Canadian‐based, growth-oriented mining company with a focus on silver. Kuya Silver operates the Bethania silver mine in Peru, while developing district-scale silver projects in mining-friendly jurisdictions including Peru and Canada.

For more information, please contact:

David Stein, President and Chief Executive Officer
Telephone: (604) 398‐4493
info@kuyasilver.com
www.kuyasilver.com

Reader Advisory

This news release contains statements that constitute "forward-looking information," including statements regarding the plans, intentions, beliefs, and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words "may," "would," "could," "will," "intend," "plan," "anticipate," "believe," "estimate," "expect," "must," "next," "propose," "new," "potential," "prospective," "target," "future," "verge," "favourable," "implications," and "ongoing," and similar expressions, as they relate to the Company or its management, are intended to identify such forward-looking information. Investors are cautioned that statements including forward-looking information are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those described in the forward-looking information as a result of various factors, including but not limited to fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing, and general economic, market, and business conditions. 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 Canadian Securities Exchange nor the Investment Industry 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/240343

FAQ

How many stock options and RSUs did Kuya Silver (KUYAF) grant in February 2025?

Kuya Silver granted 1,335,000 stock options and 500,000 restricted share units (RSUs) to directors, officers, employees, and consultants.

What is the exercise price and expiration date for KUYAF's February 2025 stock options?

The stock options have an exercise price of $0.315 and expire on February 10, 2030.

When does the hold period expire for KUYAF's February 2025 equity grants?

The hold period for the equity grants expires on June 11, 2025, unless earlier release is approved by the Canadian Securities Exchange.

What is the total potential dilution from KUYAF's February 2025 equity awards?

The total potential dilution is 1,835,000 shares, combining 1,335,000 stock options and 500,000 RSUs.