|Jan 04, 2006|
FINANCING - News Release
Vancouver, BC - Kootenay Gold Inc. ("Kootenay") announces a private placement of up to 525,000 units at $0.45 each for gross proceeds of up to $236,250 CDN. Each Unit will consist of one common share and one share purchase warrant. Each share purchase warrant will be exercisable to purchase one common share at $0.50 for a period of one year. The private placement is subject to TSX Venture Exchange approval. Funds received from the private placement will be used for the generation, acquisition and development of Kootenay's resource properties and working capital requirements.
Kootenay is an exploration company that acquires interests in mineral properties through acquisition and exploration discoveries. During the last four years Kootenay has successfully generated new mineral discoveries in the Rossland Republic Gold Trend of British Columbia. In addition, the company acquired Properties in Alaska and Northwest Mexico. Kootenay continues to fund prospecting ventures in the Rossland Republic Gold Trend of British Columbia and the Northwest Region of Mexico.
For further information, please contact:
KOOTENAY GOLD INC.
Jim McDonald, CEO at 403-238-6986
Ken Berry, President at 604-683-2214
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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