Peterson McVicar Acts for Red Cloud in Kootenay Silver Public Offering for Gross Proceeds of Up to C$5.0 Million

On April 08, 2024 Kootenay Silver Inc. (“Kootenay” or the “Company”) announced that it has entered
into an agreement with Red Cloud Securities Inc. to act as lead agent and sole bookrunner on behalf of a
syndicate of agents (collectively, the “Agents”), in connection with a “best efforts” public offering (the
“Offering”) for the sale of up to 4,464,286 units of the Company (each, a “Unit”) at a price of C$1.12 per
Unit (the “Offering Price”) for gross proceeds of up to C$5,000,000.
Each Unit will consist of one common share of the Company (each, a “Common Share”) and one half of
one Common Share purchase warrant (each whole warrant, a “Warrant”). Each whole Warrant shall
entitle the holder to purchase one Common Share of the Company at a price of C$1.68 at any time on or
before that date which is 24 months after the closing date of the Offering.
The Company has granted to the Agents an option, exercisable, in whole or in part, for a period of up to
30 days after and including the closing date of the Offering, to sell the number of additional Units equal
to up to 15% of the number of Units sold pursuant to the Offering at the Offering Price to cover over
allotments, if any. The Offering is expected to close on or about April 25, 2024 (the “Closing Date”) and
is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory
approvals, including the approval of the TSX Venture Exchange.
The net proceeds raised under the Offering will be used for the advancement of the Company’s
Columba Silver Project in Mexico as well as for general working capital and corporate purposes.
Kootenay Silver Inc. (TSXV: KTN) is an exploration company actively engaged in the discovery and
development of mineral projects in the Sierra Madre Region of Mexico. Supported by one of the largest
junior portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with
significant leverage to silver prices.

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