VANCOUVER, BC, Jan. 13,
2023 /CNW/ - Kootenay Silver Inc. (TSXV: KTN)
(the "Company" or "Kootenay") is pleased to announce the
appointment of Joseph Giuffre as a
director of the company. Mr. Giuffre is a lawyer with over 30 years
of legal experience in private practice with Vancouver and National law firms and as
in-house as general counsel. Mr. Giuffre advises private and
public companies in complex corporate, commercial, securities legal
and business transaction matters, including mergers and
acquisitions, joint ventures, private and public debt and equity
financings, regulatory compliance, corporate governance, and
capital project development.
Mr. Giuffre has been a director of various public and private
companies over the course of his 30-year career. He was
previously the Chief Legal Officer of Nevsun Resources Ltd., which
was acquired in 2019 for ~C$1.8
billion by Zijin Mining. He is also director, trustee,
and a founder of some of the Avenue Living Group of Companies that
manages over $3 billion in assets in
multifamily, agriculture, commercial and self-storage real estate
assets in Western Canada and the
United States. He holds Bachelor of Laws (LLB) from the
University of Alberta, Bachelor of Arts
(Econ) from the University of Calgary
and holds an ICD.D designation from the Institute of Corporate
Directors.
"Joe brings many years of experience in securities law, capital
markets and the mining and exploration industry which we look
forward to drawing upon as we advance our high-grade Columba
discovery and resource projects. We have known and worked with Joe
on numerous occasions over the years and look forward to drawing on
his wisdom at the board level. He brings a facet of expertise
informed from the legal and commercial side of the business that
compliments the board nicely," commented Jim McDonald, President & CEO.
The Company is also pleased to advise that it has appointed Red
Cloud Securities Inc. and Red Cloud Financial Services Inc.
(together "Red Cloud") to provide the Company with a range of
marketing and similar advisory services. Red Cloud is a Toronto-based financial services company that
provides assistance to mineral exploration and mining companies in
accessing capital markets and enhancing their corporate
profile.
Under the engagement, Red Cloud
will be paid a fee of $50,000 for the
services it will render for an initial five-month period and the
arrangement can automatically renew month-to-month thereafter at
the option of the Company. More specifically, Red Cloud will provide services such as
organizing and administering "roadshows" and targeting potential
investors The engagement of Red
Cloud is subject to TSX Venture Approval. Red Cloud has no direct relationship with the
Company, other than as contemplated in the current agreement.
Additionally, the Company announces stock options have been
granted to officers, directors, employees, and consultants to
purchase up to an aggregate of 21,450,000 million shares of
Kootenay at a price of $0.155 per
common share for a period of five years.
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.
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.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTS:
The information in this news release has been prepared as at
January 12, 2023. 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.
