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Kootenay Announces $4 Million Non-Brokered Private Placement
Kootenay Announces $4 Million Non-Brokered Private Placement Canada NewsWire VAN...
About this update from Kootenay Silver Inc.
[{"type":"text","content":"\n\n\n\nKootenay Announces $4 Million Non-Brokered Private Placement\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Nov. 15, 2017\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES ORFOR DISSEMINATION IN THE UNITED STATES/\n\n\n\nVANCOUVER, Nov. 15, 2017 /CNW/ - Kootenay Silver Inc. (TSXV: KTN) (the \"Company\" or \"Kootenay\") announces a non-brokered private placement of up to $4,000,000 (the \"Private Placement\") consisting of 20,000,000 Units (the \"Units\") at a price of $0.20 per Unit (the \"Placement Price\"). 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.\n\nEach Unit shall consist of one common share (\"Common Share\") and one-half of a transferable common share purchase warrant (\"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.\n\nNet proceeds of the Private Placement will be used to fund the exploration and development of the Company's La Cigarra project in Chihuahua State, Mexico, possible new acquisitions and for general working capital purposes.\n\nAll securities to be issued pursuant to the Private Placement will be subject to a four month hold period from the closing date under applicable securities laws in Canada and among other things, receipt by Kootenay of all necessary regulatory approvals, including the TSX Venture Exchange. \n\nThe securities being offered under the Private Placement have not been, nor will they be registered under the United States Securities Act of 1933, as amended, or state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. federal and st...