Non-brokered deal sells 5 million units of one share and one warrant
By Devika Patel
Knoxville, Tenn., July 16 – Kootenay Silver Inc. said it plans a C$1.5 million non-brokered private placement of units
The company will sell 5 million units of one common share and one warrant at C$0.30 per unit.
Each warrant is exercisable at C$0.55 for two years. The strike price is an 83.33% premium to the July 15 closing share price of C$0.30.
Kootenay is a silver exploration company based in Vancouver, B.C.
| Issuer: | Kootenay Silver Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1.5 million
|
| Units: | 5 million
|
| Price: | C$0.30
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.55
|
| Agent: | Non-brokered
|
| Pricing date: | July 16
|
| Stock symbol: | TSX Venture: KTN
|
| Stock price: | C$0.30 at close July 15
|
| Market capitalization: | C$22.39 million
|
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