Vancouver, BC – August 25, 2020 – Kootenay Silver Inc. (“Kootenay” or the “Company“) (TSXV: KTN), is pleased to announce that it has closed its previously announced private placement of units of securities of the Company (“Units“) pursuant to which the Company issued 17,500,000 Units at a price of $0.40 per Unit (the “Offering Price“) for aggregate gross proceeds of approximately $7,000,000 (the “Offering“). The Offering was led by Mackie Research Capital Corporation, as lead agent and sole bookrunner, on behalf of a syndicate which also included PI Financial Corp. (together, the “Agents“). Eric Sprott, through 21764123 Ontario Ltd., participated in the Offering to maintain his proportionate equity interest in the Company by acquiring 2,500,000 Units.
