Kootenay Silver Inc. announced a non-brokered private placement of 3,333,333 units at a price of CAD 0.75 per unit for aggregate gross proceeds of up to CAD 2,499,999.75 on February 1, 2024. Each unit shall comprise one common share of the company and one-half of one common share purchase warrant. Each warrant shall entitle the holder thereof to purchase one common share at an exercise price of CAD 1.10 for a period of 24 months from closing of the offering.

The offering is anticipated to close on or about the week of February 16, 2024, 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 Corp. as the exclusive finder and the company will pay finder's fees in cash and finder's warrants.