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KOOTENAY SILVER AMENDS TERMS OF PRIVATE PLACEMENT FINANCING OF UNITS
KOOTENAY SILVER AMENDS TERMS OF PRIVATE PLACEMENT FINANCING OF UNITS Canada New...
About this update from Kootenay Silver Inc.
[{"type":"text","content":"\n \n \n \n KOOTENAY SILVER AMENDS TERMS OF PRIVATE PLACEMENT FINANCING OF UNITS\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 /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 VANCOUVER, BC\n \n \n ,\n \n \n Oct. 24, 2022\n \n \n /CNW/ - Kootenay Silver Inc. (\"\n \n Kootenay\n \n \" or the \"\n \n Company\n \n \") (TSXV: KTN) announces that it has amended certain terms of its best-efforts private placement offering, that was previously announced on\n \n October 18, 2022\n \n (the \"\n \n Offering\n \n \"). Pursuant to the amended terms, the Offering of units of the Company (the \"\n \n Units\n \n \") will be conducted at a price of\n \n $0.09\n \n per Unit (the \"\n \n Offering Price\n \n \") for gross proceeds of up to\n \n $4,000,000\n \n .\n \n \n \n \n \n \n \n \n \n Each Unit will be comprised of one common share of the Company (a \"\n \n Common Share\n \n \") and one Common Share purchase warrant (a \"\n \n Warrant\n \n \"). Each Warrant shall be exercisable to acquire one Common Share (a \"\n \n Warrant Share\n \n \") at a price of\n \n $0.135\n \n per Warrant Share for a period of 36 months from the closing of the Offering.\n \n \n The Offering is being led by Research Capital Corporation, as the lead agent and sole bookrunner, on behalf of a syndicate of agents, including Red Cloud Securities Inc. (collectively, the \"\n \n Agents\n \n \").\n \n \n The Agents will have an option (the \"\n \n Agents' Option\n \n \") to offer for sale up to an additional 15% of the number of Units sold in the Offering at the Offering Price, which Agents' Option is exercisable, in whole or in part, at any time up to 48 hours prior to the closing of the Offering.\n \n \n The Company intends to use the net proceeds from the Offering for working capital requirements and other general corporate purposes.\n \n \n The securities to be issued under the Offering will be offered by way of private placement in each of the p...