Kootenay Announces $4 Million Non-brokered Private Placement - Stockpools

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Kootenay Announces $4 Million Non-brokered Private Placement


Kootenay Silver Inc. (TSXV: KTN) announces a non-brokered private placement of up to $4,000,000 consisting of 20,000,000 Units at a price of $0.20 per Unit. A non-solicited lead order of $2,000,000 has been received from a well-known gold mining fund on a fully subscribed Private Placement basis.

Each Unit shall consist of one common share and one-half of a transferable common share purchase warrant. Each Warrant entitles the holder to acquire one Common Share at an exercise price of $0.30 for a period of 36 months immediately following the closing date of the Private Placement. A finder’s fee of 6% shall be paid at the election of the Company in cash or Common Shares, of the portion of the proceeds raised in the Private Placement through the efforts of arm’s length finders.

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