Kootenay Resources Inc Announces Private Placement Financing of $300,000 /Not FOR Distribution to
KOOTENAY RESOURCES INC ANNOUNCES
PRIVATE PLACEMENT FINANCING OF
$300,000
/NOT FOR DISTRIBUTION TO
UNITED STATES
NEWSWIRE SERVICES OR FOR
DISSEMINATION IN
THE UNITED STATES
./
VANCOUVER, BC
,
Dec. 28, 2021
/CNW/ - Kootenay Resources Inc. ("
KSR
" or the "
Company
") is
pleased to announce that a non-brokered private placement of up to 6,000,000 Flow Through units
at a price of
$0.05
per unit raising aggregate proceeds of up to
$300,000
. Each unit shall consist of
one common share. Proceeds received from the private placement will be used for the development
of the company's resource properties and general working capital requirements.
The securities to be issued under the private placement will be offered by way of private placement
in each of the provinces of
Canada
, other than
Quebec
, and such other jurisdictions as may be
determined by the Company, in each case, pursuant to applicable exemptions from the prospectus
requirements under applicable securities laws.
The private placement is subject to certain conditions including, but not limited to, the receipt of all
necessary approvals. The shares to be issued under the Offering will have a hold period of four
months and one day from Closing.
The securities described herein have not been, and will not be, registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and
accordingly, may not be offered or sold within
the United States
except in compliance with the
registration requirements of the U.S. Securities Act and applicable state securities requirements or
pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a
solicitation to buy any securities in any jurisdiction.
About Kootenay Resources Inc.
KSR is an exploration company actively engaged in the exploration and discovery mineral projects in
British Columbia, Canada
.
On behalf of the board of directors of the
Company
:
James McDonald
,
Director
No Regulation Services Provider accepts responsibility for the adequacy or accuracy of this
release.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:
Certain statements in this news release, referred to herein as "forward-looking statements",
constitute "forward-looking statements" under the provisions of Canadian provincial securities laws.
These statements can be identified by the use of words such as "expected", "may", "will" or similar
terms.
Forward-looking statements are necessarily based upon a number of factors and assumptions that,
while considered reasonable by KSR as of the date of such statements, are inherently subject to
significant business, economic and competitive uncertainties and contingencies. Many factors,
known and unknown, could cause actual results to be materially different from those expressed or
implied by such forward-looking statements. Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date made. Except as otherwise
required by law, KSR expressly disclaims any obligation or undertaking to release publicly any
updates or revisions to any such statements to reflect any change in KSR's expectations or any
change in events, conditions or circumstances on which any such statement is based.
SOURCE
Kootenay Resources Inc.
View original content:
http://www.newswire.ca/en/releases/archive/December2021/28/c7042.html
%SEDAR: 00053533E
For further information:
For additional information, please contact: James McDonald, Director at
403-880-6016; Raj Kang, Director at 604-601-5650
CO: Kootenay Resources Inc.
CNW 12:40e 28-DEC-21