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Kootenay Resources Announces Non-Brokered Private Placement of Up to $500,000
VANCOUVER, BC / ACCESS Newswire / May 20, 2026 /Kootenay Resources Inc. (TSXV:KTRI) (the "Company" or "Kootenay") is pleased announce that it intends to complete on a best-efforts basis, a non-brokered private placement (the "Private Placement") for ...
About this update from Kootenay Resources, Inc.
[{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / May 20, 2026 / Kootenay Resources Inc. (TSXV:KTRI) (the "Company" or "Kootenay") is pleased announce that it intends to complete on a best-efforts basis, a non-brokered private placement (the "Private Placement") for aggregate gross proceeds of up to $500,000. The Private Placement will consist of a combination of non-flow-through and flow-through common shares.","length":428,"tagName":"p"},{"type":"text","content":"Under the Private Placement, the Company will offer, non-flow-through common shares of units of the Company (each, a "Unit") at a price of $0.09 per Unit and flow-through common shares of units of the Company (each, a "FT Unit") at a price of $0.11 per FT Unit , raising aggregate combined gross proceeds of up to $500,000. Proceeds received from the Private Placement will be used for the development of the Company's Moyie Anticline Project, other resource properties (eligible for "Canadian exploration expenses, which are flow-through mining expenditures) and general working capital requirements.","length":630,"tagName":"p"},{"type":"text","content":"Each Unit shall be comprised of one common share of the Company (a "Common Share") and one-Common Share purchase warrant of the Company ("Warrant"). Each Warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of $0.15 for a period of 18 months from the closing of the Private Placement.","length":342,"tagName":"p"},{"type":"text","content":"Each FT Unit shall be comprised of one common share of the Company (a "FT Common Share") share (as defined under the Income Tax Act (Canada) and of one Non flow-through Common Share purchase warrant of the Company, (a "NFT Warrant"). Each NFT Warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of $0.15 for a period of 18 months from the closing of the Private Placement.","length":431,"tagName":"p"},{"type":"text","content":"The securities to be issued under the Private Placement will be offered by way of private placement in each of the provinces of Canada, other than Quebec, and such other jurisdictions as may be determined by the Company, in each case, pursuant to applicable exemptions from the prospectus requirements under applica...