VANCOUVER, BC, Aug. 18,
2022 /CNW/ - Kootenay Silver Inc. (TSXV: KTN)
(the "Kootenay") would like to clarify that the news release
disseminated on August 12, 2022
headlined "Kootenay Resources Inc. Announces Private Placement
financing of up to $800,000" is
related to Kootenay Resources Inc. a private reporting
issuer and is not related to the common stock of Kootenay Silver
Inc. a TSX Venture listed company.
Kootenay Resources Inc. is an exploration company actively
engaged in the exploration and discovery mineral projects in
British Columbia, Canada and was
formed as a spin-out of Kootenay Silver Inc. in which prospective
Canadian assets were transferred to Kootenay Resources Inc. The
transaction was completed in October
2021, Kootenay Silver Inc. currently holds ~3.2 million
common shares of Kootenay Resources Inc.
About Kootenay Silver
Kootenay Silver Inc. is an exploration company actively
engaged in the discovery and development of mineral projects in the
Sierra Madre Region of Mexico.
Supported by one of the largest junior portfolios of silver assets
in Mexico, Kootenay continues to
provide its shareholders with significant leverage to silver
prices. The Company remains focused on the expansion of its current
silver resources, new discoveries and the near-term economic
development of its priority silver projects located in prolific
mining districts in Sonora, State
and Chihuahua, State, Mexico,
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTS: The information in this news release has
been prepared as at August 17, 2022.
Certain statements in this news release, referred to herein as
"forward-looking statements", constitute "forward-looking
statements" under the provisions of Canadian provincial securities
laws. These statements can be identified by the use of words such
as "expected", "may", "will" or similar terms.
Forward-looking statements are necessarily based upon a
number of factors and assumptions that, while considered reasonable
by Kootenay as of the date of such statements, are inherently
subject to significant business, economic and competitive
uncertainties and contingencies. Many factors, known and unknown,
could cause actual results to be materially different from those
expressed or implied by such forward-looking statements. Readers
are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date made. Except as
otherwise required by law, Kootenay expressly disclaims any
obligation or undertaking to release publicly any updates or
revisions to any such statements to reflect any change in
Kootenay's expectations or any change in events, conditions or
circumstances on which any such statement is based.
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SOURCE Kootenay Silver Inc.