By Laura Lutz
Washington, Dec. 5 - Kootenay Gold Inc. plans to raise up to C$2 million from a private placement of units.
The company intends to sell up to 3,076,925 units of one share and one warrant at C$0.65 per unit. Each warrant will be exercisable at C$0.80 for 18 months.
Proceeds will be used for development of the company's properties and for working capital.
Kootenay is a gold and silver company based in Vancouver, B.C.
| Issuer: | Kootenay Gold Inc.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$2 million
|
| Units: | 3,076,925
|
| Price: | C$0.65
|
| Warrants: | One per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.80
|
| Pricing date: | Dec. 5
|
| Stock symbol: | TSX Venture: KTN
|
| Stock price: | C$0.80 at close Dec. 5
|
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