Kootenay Silver Inc.
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Kootenay Silver Inc.
Date: 08-26-2016
Time: 04:15 EST
Last: $0.47
High: $0.49
Low: $0.45
Vol: 265554
Chg: +0.04
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Kootenay Silver Inc.

Kootenay & Northair Consolidation

Kootenay Signs Major Option With Pan American Silver

"We are very excited to join forces to aggressively develop our Promontorio Mineral Belt assets with Pan American Silver. Bringing approximately US$16 million in cash payments and exploration investments and a carried interest to commercial production, the PAS Transactions underscore Pan American's confidence in the potential viability of La Negra and the Promontorio Mineral Belt. The Transactions serve as catalyst and a strong complement to our new consolidation plan with Northair Silver, providing the amalgamation with greater financial strength and flexibility to focus on the advancement of the La Cigarra silver asset and to pursue further consolidation and growth opportunities in the sector." President and CEO James McDonald

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