Kootenay Announces Closing of CDN$2,000,000 Private Placement by Pan American Silver

http://www.juniorminingnetwork.com/junior-miner-news/press-releases/621-tsx-venture/ktn/17225-kootenay-announces-closing-of-cdn-2-000-000-private-placement-by-pan-american-silver.html#.VtmvxuTrvIU

VANCOUVER, March 4, 2016 /CNW/ – Kootenay Silver Inc.(TSX.V: KTN) (“Kootenay”) is pleased to announce that it has closed the private placement transaction with Pan American Silver Corp. (TSX: PAA, NASDAQ: PAAS) (“Pan American”), previously announced and described in Kootenay’s news releases dated February 16, 2016 and February 26, 2016, pursuant to which Pan American has subscribed for 9,090,909 Kootenay shares at a price of CDN$0.22 per Kootenay share for an aggregate subscription price of CDN$2,000,000 (the “Private Placement“).

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