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News Releases
| | December 05, 2006
FINANCING - Kootenay Announces Financing
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| | Kootenay Gold Inc. (KTN-TSX.V) is pleased to announce a private placement of up to 3,076,925 units at $0.65 each for gross proceeds of up to $2,000,000 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 $0.80 for a period of 18 months. Subject to TSX Venture Exchange approval, a finders fee may be payable. Funds received from the private placement will be used for the development of the Kootenay's resource properties and working capital requirements.
Kootenay has also issued an aggregate of 400,000 incentive stock options exercisable for a period of five years at $0.71 per share to various consultants and employees of the Company. Kootenay has also appointed Tiziano Romagnoli to its advisory committee. Mr. Romagnoli is a fund manager and investment adviser based in Geneva, Switzerland, with more than 20 years
experience in the investment banking industry.
About Kootenay
Kootenay is an emerging gold and silver company focused on acquiring 100% interests mineral properties through acquisitions and exploration discoveries. During the past four years Kootenay has successfully made four new mineral discoveries in the Rossland Republic Gold Trend of British Columbia known as the JJ North, JJ South, Connor Creek and the Sunrise Properties. In addition to its mineral discoveries, the company acquired the Santa Lucia and the Sabina Property in Northwest Mexico. Joint-venture agreements with several companies have actively advanced these projects, as the company continues to expand its operations within Mexico and acquire projects with the potential for large-scale discoveries.
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The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. Cautionary Note to US nvestors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on djacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not imited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. |
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| | You can view the Next News Releases item: Thu Dec 14, 2006, <html><FONT COLOR="0066CC"><b>JOINT VENTURE - </b></font></html> Kootenay Gold Inc.: Reports 7 Metres of 31.19 g/t (0.91 oz/t)
You can view the Previous News Releases item: Mon Dec 4, 2006, <html><FONT COLOR="FF6600"><b>PROMONTORIO - </b></font></html>Kootenay Announces Milestone Acquisition of Historic Promontorio Mine in Northwest Mexico
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