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Kootenay Silver Announces Bought Deal LIFE Private Placement for Gross Proceeds of C$10.0 Million
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC / ACCESS Newswire / January 22, 2026 /Kootenay Silver Inc. (TSXV:KTN) ("Kootenay" or the "Company") is pleased to announce that it has ...
About this update from Kootenay Silver Inc.
[{"type":"text","content":"NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES","length":97,"tagName":"p"},{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / January 22, 2026 / Kootenay Silver Inc. (TSXV:KTN) ("Kootenay" or the "Company") is pleased to announce that it has entered into an engagement letter with Red Cloud Securities Inc. ("Red Cloud"), as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase for resale 4,444,445 common shares of the Company (the "Offered Shares") at a price of C$2.25 per Offered Share (the "Offering Price") on a "bought deal" basis in a private placement for gross proceeds of approximately C$10,000,001 (the "Underwritten Offering").","length":748,"tagName":"p"},{"type":"text","content":"The Company will grant to the Underwriters an option, exercisable in full or in part, up to 48 hours prior to the Closing Date (as herein defined), to sell up to an additional 666,667 Offered Shares at the Offering Price for up to approximately C$1,500,001 in additional gross proceeds (the "Over-Allotment Option", and together with the Underwritten Offering, the "Offering").","length":397,"tagName":"p"},{"type":"text","content":"The net proceeds raised under the Offering will be used for the advancement of the Company's Columba and La Cigarra silver projects in Mexico as well as for working capital and general corporate purposes.","length":208,"tagName":"p"},{"type":"text","content":"Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the Offered Shares will be offered for sale to purchasers in all the provinces of Canada except Québec pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. The Offered Shares are expected to be immediately freely tradeable under applicable Canadian securities legislation if sold to purchasers resident in Canada. The Offered Shares will also be offered in the United States or to, or ...