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Kootenay Silver Inc. V.KTN

Alternate Symbol(s): KOOYF

Metals & Mining Silver

Kootenay Silver Inc. is a Canada-based exploration company engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico. It is focused on the expansion of its silver resources, new discoveries, and the near-term economic development of its priority silver projects located in mining districts in Sonora, state and Chihuahua, state, Mexico, respectively. Its projects include La Cigarra Silver Project, La Negra Silver Project, Promontorio Silver Resource, Columba Silver Project, and others. The La Cigarra silver project is located in the state of Chihuahua in the renowned Parral Mining district in north central Mexico. The La Negra silver discovery is situated only 7 kilometers north of the Promontorio Silver Resource within the Promontorio Mineral Belt, in the state of Sonora, Mexico. The Promontorio Silver Resource is situated on the Promontorio Mineral Belt Property that includes the La Negra silver discovery, located in the state of Sonora, Mexico.

TSXV:KTN - Post by User

Kootenay Silver Inc.

Bullboard Posts

Post by production05on Mar 04, 2016 8:14am

132 Views

Post# 24621021

NR - Kootenay closes the $2 mlllion PP with Pan American

Also:

``Concurrent with, and as part of the conditions to, closing of the Private Placement:

Pan American's wholly owned subsidiary Compania Minera Dolores S.A. de C.V. ("Dolores") has paid to Kootenay's wholly owned subsidiary Minera JM, S.A. de C.V. ("Minera") a payment of US$250,000 (plus applicable Mexican taxes) pursuant to the Option Agreement dated February 15, 2016 entered into among Kootenay, Pan American, Minera, and Dolores (the "Option Agreement"); and
Pan American, Dolores, and Minera have entered into a property purchase option agreement pursuant to which Dolores has provided Minera with an option to acquire up to two of its exploration properties inMexico in return for a 2.5% net smelter return royalty on each of the acquired properties.``