10:21 AM EDT, 06/27/2025 (MT Newswires) -- Kootenay Silver ( KOOYF ) said Friday that it closed a $20 million bought deal offering to advance the Columba silver project in Mexico.

The company will also use the proceeds for general working capital and corporate purposes.

The upsized offering comprised 19,057,800 units, including the full exercise of the over-allotment option, at a price of $1.05 apiece. Each unit consists of one share and one-half of a warrant. Each full warrant can be exercised at $1.58 per share for one year.

Kootenay traded more than 5% lower at last look to $1.10 per share on the TSXV.

Price: 1.11, Change: -0.05, Percent Change: -4.74