Kootenay Silver Inc (TSX-V:KTN) has successfully concluded its upsized public offering, raising gross proceeds of C$10,350,000.
The offering, consisting of 9,241,071 units priced at C$1.12 per unit, surpassed expectations.
Additionally, the agents fully exercised their over-allotment option, adding 1,205,357 units and generating C$1.35 million.
The funds will primarily support the advancement of Kootenay's Columba silver project in Mexico, with the remainder allocated for general working capital and corporate needs.