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Kootenay announces option with Pan American Silver
Kootenay announces option with Pan American Silver Kootenay announces option with ...
About this update from Pan American Silver Corp.
[{"type":"text","content":"\n\n\n\nKootenay announces option with Pan American Silver\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.prngen3{\nBORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: TOP; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prngen2{\nBORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n\n\n\n\n\n\nKootenay announces option with Pan American Silver\nCanada NewsWire\nVANCOUVER, Feb. 16, 2016\n\n\n\nINCLUDES US$16 MILLION IN WORK AND CASH PAYMENTS, CDN$2.0 MILLION EQUITY INVESTMENT and a CARRIED TO PRODUCTION INTEREST\n\n\n\nVANCOUVER, Feb. 16, 2016 /CNW/ - Kootenay Silver Inc. (TSX.V: KTN) (\"Kootenay\") and Pan American Silver Corp. (TSX: PAA, NASDAQ: PAAS) (\"Pan American\") are pleased to announce that Pan American, Pan American's wholly owned subsidiary Compania Minera Dolores S.A. de C.V. (\"Dolores\"), Kootenay, and Kootenay's wholly owned subsidiary Minera JM, S.A. de C.V. (\"Minera\") have entered into the following agreements:\n\n\nan option agreement pursuant to which Minera will grant Dolores an option (the \"Option\") to earn a seventy-five (75%) interest in Minera's Promontorio Mineral Belt silver properties (including the Promontorio and La Negra deposits) in consideration for:\n\ncash payments totalling US$8,050,000 from Dolores to Minera (the \"Cash Payment\") to be made by Dolores over a four (4) year earn-in period following the execution of the Option Agreement (the \"Option Period\"); and \nDolores committing US$8,000,000 of exploration and development expenditures on Minera's properties in the Promontorio Mineral Belt during the Option Period (the \"Exploration Payment\"); and\na subscription agreement pursuant to which Pan American will invest CDN$2,000,000 in Kootenay by su...