Kootenay Silver Completes Spin-Out Transaction, Reorganizes Share Capital

Kootenay Silver (TSXV: KTN) announced this morning the completion of its spin-out transaction to its shareholders. The transaction was made through a statutory plan of arrangement with its subsidiary, Kootenay Resources Inc.

The transaction will see the company spin out 80% of its interest in mineral exploration assets located in Canada to its shareholders. Per the agreement, Kootenay Silver shareholders on record as of October 28, 2021, will receive one new common share of Kootenay Silver and 0.04 common shares of Kootenay Resources.

The firm also advised shareholders who are physically holding shares to complete their letter of transmittal.

Kootenay Silver last traded at $0.245 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Silver @ $36 & We’re Still 200M Oz Short | Paul Andre Huet – Americas Gold and Silver

Gold’s Wild Bull Run: Are Markets About to Break? | Mike McGlone

First Majestic Silver: The Santa Elena Mine

Recommended

Goliath Resources Closes Out Funding Round With Total Gross Proceeds Of $27.1 Million

Silver47 Kickstarts 4,000 Metre Drill Campaign At Red Mountain Project

Related News

Aztec Minerals Sees 5,000 Metre Drill Program Get Underway At Cervantes Gold-Copper Project

Aztec Minerals (TSXV: AZT) has begun a drill program at its Cervantes gold-copper project located...

Tuesday, December 14, 2021, 08:44:48 AM

Aztec Minerals Acquires Whole Ownership Of Cervantes Copper-Gold Project

The joint-venture arrangement at Aztec Minerals’ (TSXV: AZT) Cervantes project in Mexico is no more....

Tuesday, July 26, 2022, 08:26:56 AM

Kootenay Silver Provides Assays For Five Additional Drill Holes At Columba Project

Kootenay Silver (TSXV: KTN) this morning released assay results from five additional drill holes at...

Thursday, July 16, 2020, 09:37:00 AM

Kootenay Silver To Conduct $5.0 Million Private Placement

Kootenay Silver (TSXV: KTN) has entered an agreement with Mackie Research to conduct a best...

Tuesday, July 28, 2020, 09:33:37 AM

Kootenay Silver Drills 1,322 G/T Silver Equivalent Over 3.2 Metres At Copalito

Kootenay Silver (TSXV: KTN) this morning announced assays from three drill holes conducted at its...

Wednesday, July 22, 2020, 08:30:39 AM