VANCOUVER, BC , Nov. 9, 2023
/CNW/ - Kootenay Silver Inc. (TSXV: KTN) (the "Company"
or "Kootenay") is pleased to announce that the consolidation
("Consolidation") of the outstanding common shares of the
Company (each, a "Common Share") on the basis of one
post-Consolidation Common Share for every ten pre-Consolidation
Common Shares is anticipated to be made effective for trading
purposes on Tuesday, November 14,
2023 (the "Effective Date"). It is anticipated that
the Common Shares will begin trading on the TSX Venture Exchange on
a post-Consolidation basis at market open on the Effective Date.
The new CUSIP of the Common Shares will be 500583836 and the new
ISIN will be CA5005838365.
The Consolidation is being conducted on a "push-out" basis,
except with respect to registered shareholders with certificated
Common Shares. Shareholders of the Company without physical share
certificates do not need to take any action with respect to the
Consolidation, as they will automatically receive new DRS advices
representing the post-Consolidation Common Shares issued as of the
Effective Date.
A letter of transmittal with respect to the Consolidation is
being mailed to the Company's registered shareholders with
certificated Common Shares. All registered shareholders with
certificated Common Shares will be required to send their
certificate(s) representing pre-Consolidation Common Shares, along
with a properly executed letter of transmittal, to the Company's
registrar and transfer agent, Computershare Trust Company of
Canada, in accordance with the
instructions provided in the letter of transmittal.
Further details regarding the Consolidation are provided in the
press release of the Company dated October
12, 2023.
About Kootenay Silver
Inc.
Kootenay Silver Inc. is an exploration company actively
engaged in the discovery and development of mineral projects in the
Sierra Madre Region of Mexico and
in British Columbia, Canada.
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,
respectively.
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SOURCE Kootenay Silver Inc.
