Kootenay Resources Announces Closing of Final Tranche of Private Placement
July 6, 2026
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES.
Kootenay Resources Announces Closing of Final Tranche of Private Placement
Kootenay Resources Inc. (TSXV: KTRI) (the “Company” or “Kootenay”) is pleased to
announce the closing of the second and final tranche (the "Second Tranche") of its previously
announced non-brokered private placement of non-flow-through units of the Company (each, a "NFT
Unit") at a price of $0.09 per NFT Unit and flow-through units of the Company (each, a "FT Unit")
at a price of $0.11 per FT Unit (collectively, the "Units") (the "Private Placement").
Each Unit consisted of one common share of the Company (a "Common Share") and one Common
Share purchase warrant (a "Warrant"). Each Warrant entitles the holder to acquire one additional
Common Share at an exercise price of $0.15, exercisable for a period of 18 months from the
applicable closing date of the Private Placement.
The first tranche of the Private Placement (the "First Tranche") closed on June 23, 2026.
Pursuant to the Second Tranche, the Company issued 422,223 NFT Units and 455,000 FT Units for
gross proceeds of $88,050.
Following completion of both tranches of the Private Placement, the Company issued an aggregate
of 2,507,223 NFT Units and 3,111,590 FT Units for total gross proceeds of $571,225. The Company
also issued an aggregate of 5,618,813 Warrants, comprised of (i) 4,771,590 Warrants, each
exercisable to acquire one Common Share at a price of $0.15 until December 23, 2027, and (ii)
877,223 Warrants, each exercisable to acquire one Common Share at a price of $0.15 until January
6, 2028.
All securities issued under the Private Placement are subject to a statutory hold period of four months,
in accordance with applicable Canadian securities laws. In connection with the Second Tranche, the
Company paid cash finder’s fees of C$4,083 to certain eligible finders on a portion of the Private
Placement, in accordance with the policies of the TSX Venture Exchange. The Private Placement
remains subject to final acceptance of the TSX Venture Exchange.
The Company intends to use the proceeds from the Private Placement for exploration activities on
its Moyie Anticline Project, other exploration properties (eligible for “Canadian exploration
expenses, which are flow-through mining expenditures), working capital and general corporate
purposes.
None of the securities sold under the Private Placement have been or will 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.
Background
Kootenay Resources Inc’s stated mission is the discovery of a Tier One deposit and as such focuses
on those areas with demonstrated geologic potential for such deposits. The Company is exploring
two regions, in the southeastern portion of BC on its flagship Moyie Anticline property and in Central
BC with its generative program including several promising gold-silver-copper properties in the
Nechako plateau of central British Columbia. Kootenay Resources Inc. welcomes partners for
exploration projects and currently has one mineral property under option to Centerra Gold Inc., and
three Nechako projects under option to fellow junior exploration company Rokmaster Resources
Corp.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Kootenay Resources Inc.
Kootenay is an exploration company actively engaged in the exploration and discovery mineral projects in
British Columbia, Canada. The Company was formed as a spin-out of Kootenay Silver Inc in which
prospective Canadian assets were transferred to Kootenay Resources Inc. The transaction was completed in
October 2021. Kootenay Silver currently holds 5.4 million common shares of Kootenay.
On behalf of the board of directors of the Company:
James McDonald,
Director
For additional information, please contact:
James McDonald, Director at 403-880-6016
Raj Kang, Director at 604-601-5650
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:
The information in this news release has been prepared as at July 5, 2026. 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 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 expressly 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. More particularly, this news release contains statements concerning the anticipated
Private Placement. Accordingly, there is a risk that the Private Placement will not be completely sold, or the
Private Placement will be completed within the anticipated time or at all.
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