Vancouver, British Columbia--(Newsfile Corp. - June 24, 2021) - Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the "Company" or "Kuya") is pleased to announce, subject to approval by the Canadian Securities Exchange (the "Exchange") that Ms. Annie Sismanian has been appointed as Chief Financial Officer of the Company.
Ms. Sismanian is a Chartered Professional Accountant (CPA, CA) with over 18 years of broad progressive experience in finance, strategy, and corporate development. Prior to joining Kuya, she was Vice President, Corporate Finance and Investor Relations at Guyana Gold and has held senior financial roles at Hydro One, Kinross, Barrick, Fairmont and PWC. Ms. Sismanian succeeds Ms. Lesia Burianyk as Chief Financial Officer. Ms. Burianyk has agreed to remain with Kuya in the role of Finance Director.
The Company is also pleased to announce, that Mr. Aaron Hunter has been appointed as General Counsel of the Company. Mr. Hunter has over fifteen years of business law experience, with a focus on the extractive industries. He worked for a senior gold producer for seven years, providing legal leadership on project development, supply chain, governance and integrity matters. Mr. Hunter has also been in-house counsel for two global engineering firms. Before becoming an in-house counsel, he practiced corporate and securities law at a prominent Canadian firm and a US-based global firm. He is admitted to the bar in Ontario and New York.
Kuya's President and CEO, David Stein, stated, "We are very excited to be growing our senior management team with these outstanding and experienced industry professionals. We are very proud of the team we have assembled to date in Peru and Canada. Kuya has ambitious goals of achieving low-cost silver production and corporate growth, and building a high-quality team to execute our strategy is an important part of our plans."
The Company also announces, subject to approval by the Exchange, that it has granted 625,000 incentive stock options ("Options") to acquire common shares in the capital of the Company (each a "Common Share"), 150,000 were granted to Ms. Sismanian in connection with her appointment as Chief Financial Officer at an exercise price of $1.55, 225,000 were granted to employees and consultants at an exercise price of $1.55, and 250,000 were granted to independent directors at an exercise price of $1.90. The Options are subject to varying vesting provisions. Any Common Shares issued pursuant to the Options, are subject to a hold period expiring October 25, 2021, unless written approval to issue the Common Shares without the hold period is obtained from the Exchange.
About Kuya Silver Corporation
Kuya is a Canadian‐based silver‐focused mining company that owns the Bethania Project, which includes the Bethania mine, located in Central Peru. The Bethania mine was in production until 2016, toll‐milling its ore at various other concentrate plants in the region, the Company's plan is to implement an expansion and construct a concentrate plant at site before restarting operations. The Bethania mine produced silver‐lead and zinc concentrates from the run of mine material, until being placed on care and maintenance due to market conditions and lack of working capital.
On behalf of the Board of Directors,
KUYA SILVER CORPORATION
David Stein, President and CEO
For more information, please contact the Company at:
Kuya Silver Corporation
Telephone: (604) 398‐4493
This news release may contain statements which 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" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements 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 in the forward-looking statements 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 or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such 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.
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