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KOOTENAY SILVER ANNOUNCES CLOSING OF $3.7 MILLION PRIVATE PLACEMENT
KOOTENAY SILVER ANNOUNCES CLOSING OF $3.7 MILLION PRIVATE PLACEMENT Canada NewsWire ...
About this update from Kootenay Silver Inc.
[{"type":"text","content":"\n \n \n \n KOOTENAY SILVER ANNOUNCES CLOSING OF $3.7 MILLION PRIVATE PLACEMENT\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 May 24, 2023\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 closed its previously announced brokered private placement offering (the \"\n \n Offering\n \n \") of units of the Company (the \"\n \n Units\n \n \") for gross proceeds of approximately\n \n $2.1 million\n \n with a non-brokered portion for gross proceeds of approximately\n \n $1.6 million\n \n , at a price of\n \n $0.10\n \n per Unit (the \"\n \n Offering Price\n \n \") for aggregate gross proceeds of\n \n $3,772,500\n \n .\n \n \n \n \n \n \n \n \n \n The Offering was led by Research Capital Corporation, as co-lead agent and sole bookrunner, and together with Red Cloud Securities Inc. as co-lead agents, on behalf of a syndicate of agents, including Canaccord Genuity Corp. (collectively, the \"\n \n Agents\n \n \").\n \n \n Each Unit is 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 is exercisable to acquire one Common Share (a \"\n \n Warrant Share\n \n \") at a price of\n \n $0.14\n \n per Warrant Share for a period of 36 months from 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. The Offering is subject to the final acceptance of the TSX Venture Exchange.\n \n \n All securities issued in connection with the Offering are subject to a Canadian securities law resale restriction period expiring on\n \n September 25, 2023\n \n . The securities described herein have not been, and will not be, registered under the United States Se...