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Kootenay Silver Announces $2.5 Million Non-Brokered Private Placement of Units
Kootenay Silver Announces $2.5 Million Non-Brokered Private Placement of Units Canada N...
About this update from Kootenay Silver Inc.
[{"type":"text","content":"\n \n \n \n Kootenay Silver Announces $2.5 Million Non-Brokered Private Placement 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 DISSEMINATION IN OR INTO\n \n THE UNITED STATES\n \n OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES/\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Feb. 1, 2024\n \n \n /CNW/ - Kootenay Silver Inc. (the \"\n \n Company\n \n \") (TSXV: KTN) is pleased to announce a non-brokered private placement offering (the \"\n \n Offering\n \n \") of units of the Company (each, a \"\n \n Unit\n \n \") at a price of\n \n $0.75\n \n per Unit for aggregate gross proceeds of up to\n \n $2,500,000\n \n .\n \n \n \n \n \n \n \n \n \n Each Unit shall be comprised of one common share of the Company (a \"\n \n Common Share\n \n \") and one-half of one Common Share purchase warrant of the Company (each whole warrant, a \"\n \n Warrant\n \n \"). Each Warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of\n \n $1.10\n \n for a period of 24 months from closing of the Offering.\n \n \n The net proceeds from the Offering will be used for exploration activities, property commitments on the Company's projects, working capital and general corporate purposes.\n \n \n The Offering is anticipated to close on or about the week of\n \n February 16, 2024\n \n (\"\n \n Closing\n \n \"), or such later date as the Company may determine. The Closing is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange. The Units to be issued under the Offering will have a hold period of four months and one day from Closing.\n \n \n In connection with the Offering, the Company has appointed Research Capital Corporation as the exclusive finder and the Company will pay finders' fees (the \"\n \n Finder's Fee\n \n \") in cash and finder's warrants.\n \n \n This news release does not constitute an offer to sell or a solicitation of an offer to buy nor ...