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Kootenay Closes Final Tranche of Private Placement $4 Million Raised
Kootenay Closes Final Tranche of Private Placement $4 Million Raised Canada NewsWi...
About this update from Kootenay Silver Inc.
[{"type":"text","content":"\n\n\n\nKootenay Closes Final Tranche of Private Placement $4 Million Raised\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, Jan. 8, 2018\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n\n\n\nVANCOUVER, Jan. 8, 2018 /CNW/ - Kootenay Silver Inc. (TSXV: KTN) (the \"Company\" or \"Kootenay\") is pleased to announce that further to its press release dated November 15, 2017 and December 14, 2017, it has closed the final tranche of its non-brokered private placement (the \"Private Placement\") and has issued an aggregate total of 20,094,480 units (each a \"Unit\") at a purchase price of $0.20 per Unit for total gross proceeds to the Company of $4,018,896. The final tranche raised $109,000 by issuing 545,000 Units. Each Unit consists of one common share (\"Common Share\") and one-half of a transferable common share purchase warrant (each whole warrant a \"Warrant\"). Each Warrant issued in the final tranche entitles the holder to acquire one Common Share at an exercise price of $0.30 per share until January 5, 2021.  \n\nThe net 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 issued pursuant to the Private Placement are subject to a four month hold period under applicable securities laws in Canada, ending on May 6, 2018. \n\nThe securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or any State Securities Laws and may not be offered or sold in the United States or to the account or benefit of a U.S. person absent an exemption from the registration requirements of such Act. This release does not constitute an offer for sale of securities in the United States.\n\nAbout Kootenay Silver Inc.\n\nKootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral ...