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KOOTENAY SILVER ANNOUNCES CLOSING OF $20 MILLION BOUGHT DEAL PUBLIC OFFERING, INCLUDING FULL EXERCISE OF THE OVER-ALLOTMENT OPTION
KOOTENAY SILVER ANNOUNCES CLOSING OF $20 MILLION BOUGHT DEAL PUBLIC OFFERING, INCLUDING FULL EXER...
About this update from Kootenay Silver Inc.
[{"type":"text","content":"\n\n\n\n KOOTENAY SILVER ANNOUNCES CLOSING OF $20 MILLION BOUGHT DEAL PUBLIC OFFERING, INCLUDING FULL EXERCISE OF THE OVER-ALLOTMENT OPTION\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 /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 VANCOUVER, BC\n \n\n ,\n \n\n June 27, 2025\n \n\n /CNW/ - Kootenay Silver Inc. (\"\n \n Kootenay\n \n \" or the \"\n \n Company\n \n \") (TSXV: KTN) (OTCQX: KOOYF) is pleased to announce that the Company has completed its previously announced and upsized bought deal public offering 19,057,800 units of the Company (the \"\n \n Units\n \n \"), including the full exercise of the over-allotment option, at a price of\n \n $1.05\n \n per Unit for gross proceeds to the Company of\n \n $20,010,690\n \n (the \"\n \n Offering\n \n \").\n \n\n\n\n\n\n\n\n\n The Offering was led by Research Capital Corporation as the lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters, including Red Cloud Securities Inc. (collectively, the \"\n \n Underwriters\n \n \").\n \n\n Each Unit consists of one common share of the Company (each, a \"\n \n Common Share\n \n \") and one-half of one Common Share purchase warrant (each whole warrant, a \"\n \n Warrant\n \n \"). Each Warrant shall entitle the holder to purchase one Common Share of the Company at a price of\n \n $1.58\n \n at any time on or before\n \n June 27, 2028\n \n .\n \n\n The net proceeds raised under the Offering will be used for the advancement of the Company's Columba Silver Project in\n \n Mexico\n \n as well as for general working capital and corporate purposes.\n \n\n The Offering was completed pursuant to a prospectus supplement of the Company filed in all of the provinces of\n \n Canada\n \n and dated\n \n June 19, 2025\n \n that supplemented the short form base shelf prospectus of the Company dated\n \n March 27, 2024\n \n . The Offering remains subject to the final approval of the TSX Venture Exchange (the \"\n \n TSXV\n \n...