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KOOTENAY SILVER ANNOUNCES CLOSING OF $5 MILLION PRIVATE PLACEMENT
KOOTENAY SILVER ANNOUNCES CLOSING OF $5 MILLION PRIVATE PLACEMENT Canada NewsWi...
About this update from Kootenay Silver Inc.
[{"type":"text","content":"\n \n \n \n KOOTENAY SILVER ANNOUNCES CLOSING OF $5 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 \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 Nov. 8, 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 closed its previously announced brokered private placement offering (the \"\n \n Offering\n \n \") for gross proceeds of approximately\n \n $3.56 million\n \n consisting of 39,561,110 units of the Company (the \"\n \n Units\n \n \"), including the full exercise of the option granted to the Agents, at a price of\n \n $0.09\n \n per Unit (the \"\n \n Offering Price\n \n \"), with a non-brokered portion of the offering (\"\n \n Non-Brokered Portion\n \n \") for gross proceeds of approximately\n \n $1.44 million\n \n consisting of 15,994,445 Units at the Offering Price, for aggregate gross proceeds to the Company of\n \n $5 million\n \n .\n \n \n \n \n \n \n \n \n \n The Offering was 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 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 an exercise 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 Company intends to use the net proceeds from the Offering for exploration activities, working capital requirements and other general corporate purposes.\n \n \n In connection with the Offering, the Agents received a cash fee of\n \n $251,229.99\n \n . In addition, the Company granted the Agents 3,043,874 no...