Upcoming B2B Gems & Jewellery Exhibition- 19th - 20th - 21st January 2019. Bangalore.

Pan American acquires pie in Northair Silver

2016-04-27


Kootenay Silver and Pan American Silver said that the issuance of Kootenay's common shares as consideration for Kootenay's acquisition of Northair Silver Inc. as well as Kootenay's acquisition of the two and a half percent net smelter returns royalty from Coeur Capital, Inc. with respect to the future production of Kootenay's La Cigarra project.

Pan American has exercised its second tranche option to subscribe for additional common shares of Kootenay in order to maintain a ten percent ownership interest in Kootenay's issued and outstanding shares in accordance with the Subscription Agreement entered into between Pan American and Kootenay, as amended. As a result, Pan American intends to subscribe for 6,793,550 additional Kootenay common shares for an aggregate subscription price of CAD$1,553,431.