|
|
 |
News Releases
| | October 16, 2007
FINANCING - Kootenay Increases Private Placement up to $2,000,000
|
| | Kootenay Gold Inc. ("Kootenay") (TSX Venture: KTN) is pleased to announce that it has increased, subject to regulatory approval, its non-brokered private placement announced on October 5, 2007, by an additional 522,000 units ("Units") from 1,700,000 Units up to 2,222,000 Units at a purchase price of $0.90 per Unit. Gross proceeds have increased up to $2,000,000 from $1,500,000. All other terms of the private placement, as previously announced, remain the same.
ABOUT KOOTENAY
Kootenay is an emerging exploration Company actively developing a suite of premier gold and silver projects. The Company's top priority remains the ongoing aggressive development of its rich Promontorio Silver project, which encompasses the former producing Promontorio Silver Mine in Northwest Mexico. Since listing on the TSX Venture Exchange in March of 2005, Kootenay's management team has aggressively pursued its strategy of developing an Advance Project, establishing a Generative Exploration Team active in Northwest Mexico and British Columbia Canada, and initiating Joint Venture Partnerships on its exploration discoveries.
-30-
For additional information, please contact:
James McDonald, CEO at 403- 238-6986
or
Ken Berry, President at 604-683-2214; 1-888-268-8688
To view a live interview with Jim McDonald on Kootenay's vision and strategy visit:
www.kootenaygold.ca
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
| |
| | You can view the Next News Releases item: Thu Oct 18, 2007, <html><FONT COLOR="0066CC"><b>JOINT VENTURE - </b></font></html> Jumping Josephine Drilling Update
You can view the Previous News Releases item: Wed Sep 19, 2007, Kootenay Adds a Wealth of Experience to Management Team
You can return to the main News Releases page, or press the Back button on your browser.
|
|
