Kootenay and Northair Announce Transaction to Create Leading Mexican Silver Consolidator

http://www.juniorminingnetwork.com/junior-miner-news/press-releases/621-tsx-venture/ktn/15502-kootenay-and-northair-announce-transaction-to-create-leading-mexican-silver-consolidator.html#.VpaX8uTrvIU

VANCOUVER, Jan. 13, 2016 /CNW/ – Kootenay Silver Inc. (TSX-V: KTN) (Kootenay) and Northair Silver Corp. (TSX-V: INM) (Northair) are pleased to announce the execution of a Binding Letter Agreement (the “Binding Letter Agreement) pursuant to which Kootenay will acquire all of the issued and outstanding common shares of Northair (the “Transaction“).  The combination of Kootenay and Northair will create a leading Mexican silver exploration and development company and consolidator with a portfolio of assets headlined by Kootenay’s Promontorio and La Negra projects and Northair’s La Cigarra project, all of which are based in Mexico. In addition, the combined company will have exposure to a continuum of grass-roots pipeline exploration projects, royalty interests and joint ventures, plus a strong balance sheet providing the combined company with a stable platform for future consolidation in the sector.

 

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