February 26, 2024
Kootenay Silver Inc. (TSXV:KTN, BUY, C$3.50 target, Taylor Combaluzier) closed a ~C$3.7M non-brokered private placement under which it issued a total of ~5.0M common shares and ~2.5M warrants. Net proceeds are expected to be used for exploration activities, property commitments, working capital, and general corporate purposes. Kootenay Silver continues to be one of our favourite silver explorers as it offers investors exposure to a highly undervalued portfolio of high-grade advanced exploration projects backstopped by >280M oz of existing AgEq resources across its non-core projects (read initiation report). We believe there is excellent potential to delineate a large, high-grade maiden resource at its flagship, 100%-owned Columba Ag project (scheduled for Q3/24) to add to this resource base and that further drilling could lead to resource expansion (read here and here). Read more
Company Specific Disclosure Details
Kootenay Silver Inc. – TSXV:KTN – 3
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