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Kootenay Closes $7,043,331 Private Placement

Maxis Law represented Kootenay with a team that included Michael Varabioff and Helen Racic

Kootenay Silver Inc. (“Kootenay”) completed a non-brokered private placement financing of an aggregate of 50,309,511 units (each a “Unit”) at a purchase price of $0.14 per Unit for aggregate gross proceeds of $7,043,331, which closed in two tranches on March 5, 2019 and March 12, 2019.  Each Unit consists of one common share and one common share purchase warrant, with each warrant being exercisable to purchase one common share at an exercise price of $0.20 until March 5, 2024.

Kootenay is a Canadian and Mexican based silver exploration company actively engaged in the development of two major silver projects in Mexico, including the La Cigarra Silver project in Chihuahua, and the Promontorio and La Negra silver discovery in Sonora, Mexico.  Kootenay trades under the symbol “KTN” on the TSX Venture Exchange.