/NOT FOR DISSEMINATION IN OR INTO THE UNITED STATES OR FOR DISTRIBUTION TO U.S.
NEWSWIRE SERVICES/
VANCOUVER, BC, Feb. 1, 2024
/CNW/ - Kootenay Silver Inc. (the "Company") (TSXV: KTN) is
pleased to announce a non-brokered private placement offering (the
"Offering") of units of the Company (each, a "Unit")
at a price of $0.75 per Unit for
aggregate gross proceeds of up to $2,500,000.
Each Unit shall be comprised of one common share of the Company
(a "Common Share") and one-half of one Common Share purchase
warrant of the Company (each whole warrant, a "Warrant").
Each Warrant shall entitle the holder thereof to purchase one
Common Share at an exercise price of $1.10 for a period of 24 months from closing of
the Offering.
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.
The Offering is anticipated to close on or about the week of
February 16, 2024 ("Closing"),
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.
In connection with the Offering, the Company has appointed
Research Capital Corporation as the exclusive finder and the
Company will pay finders' fees (the "Finder's Fee") in cash
and finder's warrants.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy nor shall there be any sale of any
of the securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful, including any of the
securities in the United States of
America. The securities described herein have not been and
will not be registered under the United States Securities Act of
1933, as amended (the "1933 Act") or any state securities
laws and may not be offered or sold within the United States or to, or for account or
benefit of, U.S. Persons (as defined in Regulation S under the 1933
Act) unless registered under the 1933 Act and applicable state
securities laws, or an exemption from such registration
requirements is available.
About Kootenay Silver
Inc.
Kootenay Silver Inc. is an exploration company actively engaged
in the discovery and development of mineral projects in the Sierra
Madre Region of Mexico. Supported
by one of the largest junior portfolios of silver assets in
Mexico, Kootenay continues to
provide its shareholders with significant leverage to silver
prices. The Company remains focused on the expansion of its current
silver resources, new discoveries and the near-term economic
development of its priority silver projects located in prolific
mining districts in Sonora, State
and Chihuahua, State, Mexico,
respectively.
Disclaimer for Forward-Looking
Information
This news release includes certain statements and information
that constitute forward-looking information within the meaning of
applicable Canadian securities laws. All statements in this news
release, other than statements of historical facts are
forward-looking statements. Such forward-looking statements and
forward-looking information specifically include, but are not
limited to, statements that relate to the completion of the
Offering and the timing and pricing in respect thereof, the use of
proceeds of the Offering, insider participation; and timely receipt
of all necessary approvals, including any requisite approval of the
TSX Venture Exchange.
Statements contained in this release that are not historical
facts are forward-looking statements that involve various risks and
uncertainty affecting the business of the Company. Such statements
can generally, but not always, be identified by words such as
"expects", "plans", "anticipates", "intends", "estimates",
"forecasts", "schedules", "prepares", "potential" and similar
expressions, or that events or conditions "will", "would", "may",
"could" or "should" occur. All statements that describe the
Company's plans relating to operations and potential strategic
opportunities are forward-looking statements under applicable
securities laws. These statements address future events and
conditions and are reliant on assumptions made by the Company's
management, and so involve inherent risks and uncertainties, as
disclosed in the Company's periodic filings with Canadian
securities regulators. As a result of these risks and
uncertainties, and the assumptions underlying the forward-looking
information, actual results could materially differ from those
currently projected, and there is no representation by the Company
that the actual results realized in the future will be the same in
whole or in part as those presented herein. the Company disclaims
any intent or obligation to update forward-looking statements or
information except as required by law. Readers are referred to the
additional information regarding the Company's business contained
in the Company's reports filed with the securities regulatory
authorities in Canada. Although
the Company has attempted to identify important factors that could
cause actual actions, events, or results to differ materially from
those described in forward-looking statements, there may be other
factors that could cause actions, events or results not to be as
anticipated, estimated or intended. For more information on the
Company and the risks and challenges of its business, investors
should review the Company's filings that are available at
www.sedar.com.
The Company provides no assurance that forward-looking
statements and information will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements or information. Accordingly, readers
should not place undue reliance on forward-looking statements or
information. The Company does not undertake to update any for-ward
looking statements, other than as required by law.
SOURCE Kootenay Silver Inc.