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Eric Sprott Invests $5 Million In Kootenay Silver

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Mexico and Canada-focused explorer Kootenay Silver announced today a $5 million non-brokered private placement in the company by Eric Sprott.

Upon completion Sprott will hold 11.28% on a non-diluted basis.

Kootenay Silver said the funds will be used to advance its Columba Silver Project in Chihuahua State, Mexico, potentially adding a further drill rig to expedite the current drill program, and to fund further work at Copalito, La Cigarra.

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