Kootenay Silver Upsizes Private Placement to C$16.5 Million

Kootenay Silver Inc., a company engaged in mineral exploration, has increased its private placement offering to C$16.5 million due to strong investor demand. The company amended its agreement with Red Cloud Securities Inc., which is leading the underwriting. The offering now involves the sale of 7,333,334 common shares at C$2.25 each.

The raised funds will support Kootenay's Columba and La Cigarra silver projects in Mexico and be used for general corporate purposes. The shares will be available for purchase across most Canadian provinces, excluding Quebec, and internationally under specified exemptions.

The offering is set to close on February 10, 2026, pending necessary approvals, including from the TSX Venture Exchange. The company cautions that the securities will not be registered for sale in the United States.