Kootenay Silver Inc. said it has reduced its shareholding in Aztec Minerals Corp (TSX-V:AZT, OTCQB:AZZTF) to 8.02% from 11.85% following the sale of common shares.
The $962,445 raised from the disposal will be used for working capital purposes, Kootenay said, adding that, as a result of the sale, it is no longer an insider of Aztec.
Kootenay originally bought the Aztec shares for investment purposes, and stressed that it has no plans or intentions that relate to, or would result in, any of the actions requiring disclosure under applicable early warning reporting provisions.
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