Kootenay Resources Announces Repricing of Non-Brokered Private Placement

About this update from Kootenay Resources, Inc.

Kootenay Resources Announces Repricing of Non-Brokered Private PlacementNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. VANCOUVER, BC / ACCESS Newswire / July 31, 2025 / Kootenay Resources Inc. (TSXV:KTRI) (the "Company" or "Kootenay") announces the repricing of its previously announced non-brokered private placement (the "Private Placement") (see news release dated June 13, 2025). The Company intends to complete on a best efforts basis, a non-brokered private placement for aggregate gross proceeds of up to $200,000. The Private Placement will consist of a combination of non-flow-through and flow-through common shares.Under the Private Placement, the Company will offer, non-flow-through common shares of units of the Company (each, a "Unit") at a price of $0.05 per Unit and flow-through common shares of units of the Company (each, a "FT Unit") at a price of $0.055 per FT Unit, raising aggregate combined gross proceeds of up to $200,000. Proceeds received from the Private Placement will be used for the development of the Company's Moyie Anticline Project, other resource properties (eligible for "Canadian exploration expenses, which are flow-through mining expenditures) and general working capital requirements.Each Unit shall be comprised of one common share of the Company (a "Common Share") and one-Common Share purchase warrant of the Company ("Warrant"). Each Warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of $0.12 for a period of 5 years from the closing of the Private Placement.Each FT Unit shall be comprised of one common share of the Company (a "FT Common Share") and of one Non flow-through Common Share purchase warrant of the Company, a "NFT Warrant"). Each NFT Warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of $0.15 for a period of 5 years from the closing of the Private Placement.The securities to be issued under the Private Placement will be offered by way of private placement in each of the provinces of Canada, other than Quebec, and such other jurisdictions as may be determined by the Company, in each case, pursuant to applicable exemptions from the prospectus requirements under applicable securities laws.The Private Placement is anticipated to close on or before August 31, 2025, or as decided by the Company ("C...

View stock analysis, news, and events for Kootenay Resources, Inc.