Kootenay Silver Closes $4.75M Private Placement with Agnico-Eagle Mines

Kootenay Silver Inc. (TSXV:KTN) closed its $4,750,000 private placement with Agnico-Eagle Mines Limited.

As quoted in the press release:

An aggregate of 6,250,000 units (each a “Unit”) at a purchase price of $0.76 per Unit were issued to Agnico-Eagle pursuant to the Private Placement, with each Unit consisting of one common share in the capital of the Company (each a “Common Share”) and one-half of one transferrable common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles Agnico-Eagle to acquire one Common Share at an exercise price of $1.08 until April 26, 2015. All of the securities issued pursuant to the Private Placement are subject to a hold period until August 27, 2013.

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