Kootenay Silver Announces Upsized $5 Million Marketed Private Placement of Units
KOOTENAY SILVER ANNOUNCES UPSIZED $5 MILLION MARKETED PRIVATE PLACEMENT OF UNITS
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES.
Vancouver, BC – February 10, 2022 – Kootenay Silver Inc. (“Kootenay” or the “Company”) (TSXV: KTN)
announces that, due to strong investor demand, it has agreed with Research Capital Corporation, as sole agent and
sole bookrunner (the “ Agent”), to increase t he size of the previously announced best efforts private placement
offering of units of the Company (the “Units”) for gross proceeds of up to $5,000,000 (the “Offering”).
Each Unit will be comprised of one common share of the Company (a “Common Share”) and one Common Share
purchase warrant (a “ Warrant”). Each Warrant shall be exercisable to acquire one Common Share (a “ Warrant
Share”) at a price of $0.22 per Warrant Share for a period of 36 months from the closing of the Offering.
All other terms remain as described on the Company’s new release dated February 9, 2022. The Company intends
to use the net proceeds from the Offering for working capital requirements and other general corporate purposes.
The Agent will have an option (the “Agent’s Option”) to offer for sale up to an additional 15% of the number of Units
sold in the Offering at the Offering Price, which Agent’s Option is exercisable, in whole or in part, at any time up to
48 hours prior to the closing of the Offering.
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 Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery an d 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. The Company
remains focused on the expansion of its current silver resources, new discoveries and the near -term economic
development of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State,
Mexico, respectively.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: www.kootenaysilver.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:
The information in this news release has been prepared as at February 9, 2022. 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, w hile
considered reasonable by Kootenay 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, Kootenay expres sly disclaims any obligation or undertaking
to release publicly any updates or revisions to any such statements to reflect any change in Kootenay's
expectations or any change in events, conditions or circumstances on which any such statement is based.
Cautionary Note to US Investors: This news release includes Mineral Reserves and Mineral Resources
classification terms that comply with reporting standards in Canada and the Mineral Reserves and the Mineral
Resources estimates are made in accordance with Nat ional Instrument 43 -101 – Standards of Disclosure for
Mineral Projects ("NI 43 -101"). NI 43 -101 is a rule developed by the Canadian Securities Administrators that
establishes standards for all public disclosure an issuer makes of scientific and technical i nformation concerning
mineral projects. These standards differ significantly from the requirements adopted by the U.S. Securities and
Exchange Commission (the "SEC"). The SEC sets rules that are applicable to domestic United States reporting
companies. Consequently, Mineral Reserves and Mineral Resources information included in this news release is
not comparable to similar information that would generally be disclosed by domestic U.S. reporting companies
subject to the reporting and disclosure requiremen ts of the SEC. Accordingly, information concerning mineral
deposits set forth herein may not be comparable with information made public by companies that report in
accordance with U.S. standards.
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