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KOOTENAY RESOURCES INC. ANNOUNCES PRIVATE PLACEMENT FINANCING AND CONDITIONAL TSXV LISTING APPROVAL
KOOTENAY RESOURCES INC. ANNOUNCES PRIVATE PLACEMENT FINANCING AND CONDITIONAL TSXV LISTING APPROV...
About this update from Kootenay Silver Inc.
[{"type":"text","content":"\n \n \n \n KOOTENAY RESOURCES INC. ANNOUNCES PRIVATE PLACEMENT FINANCING AND CONDITIONAL TSXV LISTING APPROVAL\n \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 Canada NewsWire\n \n \n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n March 13, 2024\n \n \n /CNW/ -\n \n \n Kootenay Resources Inc. (the \"Company\" or \"Kootenay\")\n \n \n announces subject to financing it has received conditional Toronto Stock Exchange Venture (\"TSXV\") listing approval subject to meeting minimum listing requirements and that it is conducting private placement of shares and special warrants to complete its listing requirements.\n \n \n \n \n \n \n \n \n \n Upon receipt of final listing on the TSXV, the Company's shares will begin trading on the TSXV with minimum funding of\n \n $482,000\n \n to be raised. Certain funds from the special warrants, related to non-Canadian investors will be held in escrow until the Company raises the required minimum of\n \n $482,000\n \n Canadian and receives listing approval.\n \n \n The Private Placement will consist of a combination of non-flow-through and flow-through common shares totalling gross proceeds of\n \n $500,000\n \n . The financing will consist of a mix of shares and special warrants at a price of\n \n $0.10\n \n per share and of flow through shares at a price of\n \n $0.15\n \n per share.\n \n \n Proceeds received from the Private Placement will be used for the development of the Company's Moyie Anticline Project, early-stage Nechako portfolio of gold-silver exploration projects and other resource properties (eligible for \"Canadian exploration expenses, which are flow-through mining expenditures) and general working capital requirements. Please visit the\n \n Kootenay Resources website\n \n to learn more about these projects.\n \n \n The securities to be issued under the Private Placement will be offered by way of private placement in eac...