Source: Kootenay Silver.
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  • Kootenay (KTN) has upsized its marketed private placement to C$5M due to strong investor demand
  • The company intends to use the proceeds for working capital and general corporate purposes
  • It expects the offering to close the week of March 9, 2022
  • Kootenay Silver develops one of the largest junior portfolios of silver assets in Mexico
  • Kootenay Silver (KTN) is up by 3.13 per cent trading at $0.165 per share

Kootenay (KTN) has upsized its marketed private placement to C$5M due to strong investor demand.

Each unit is comprised of one common share and one common share purchase warrant.

Each warrant is exercisable to acquire one common share for $0.22 for 36 months from the closing of the offering.

The company intends to use the proceeds for working capital and general corporate purposes.

It expects the offering to close the week of March 9, 2022.

Research Capital is serving as sole agent and bookrunner. It may increase the offering by up to 15 per cent up to 48 hours prior to the closing of the offering.

Kootenay Silver develops one of the largest junior portfolios of silver assets in Mexico.

Kootenay Silver (KTN) is up by 3.13 per cent trading at $0.165 per share as of 2:09 pm EST.

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