TSXV's Kootenay Silver Closes $5 Mln Strategic Investment by Eric Sprott

fast track exploration - Canada & Mexico

Kootenay's La Negra prospect is a significant and exciting new high grade silver discovery that offers exceptional potential to evolve into a substantial near surface, open-pit resource.

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TSXV's Kootenay Silver Closes $5 Mln Strategic Investment by Eric Sprott

posted on Aug 22, 2019 02:54PM

TSXV's Kootenay Silver Closes $5 Mln Strategic Investment by Eric Sprott

2019-08-22 02:10:51 PM ET (MT Newswires)

02:10 PM EDT, 08/22/2019 (MT Newswires) -- Kootenay Silver Inc. (KTN.V) has closed its non-brokered private placement financing of units for gross proceeds of $5 million. The entire private placement was fully subscribed by Eric Sprott.

The units were acquired by Sprott for investment purposes.

Net proceeds will be used to advance exploration of the Columba Silver Project in Chihuahua State, Mexico, potentially adding a further drill rig to expedite the current drill program, and to fund further work at Copalito, La Cigarra and other projects as well as for general working capital purposes.

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