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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (59642)	5/23/2008 3:13:41 PM
From: ogi	Read Replies (1) \| Respond to of 78426

Each to his own and great notes Marcos, thanks. Hughes / Keating and how GCR behaved and selectively drilled and more selectively only released the good holes is exactly the kind of guys I like to avoid. Or at least know I am in only to run with the Wolves for a bit. I don't see Jim or Ken that way with KTN at all, so maybe there are just some good things Hughes brings to the table. I also think you are right, there will be more to KTN than Promontorio. Cheers, Ogi

To: marcos who wrote (59642)	5/26/2008 12:37:17 PM
From: onepath	Read Replies (1) \| Respond to of 78426

Financing for KTN today and a transferable warrant.Sure would have been sweet to have got a piece of this.... Kootenay arranges $11-million private placement 2008-05-26 03:57 ET - News Release Mr. James McDonald reports KOOTENAY ANNOUNCES $11 MILLION BROKERED PRIVATE PLACEMENT; INCREASES CURRENT 10,000 METER DRILL PROGRAM TO INCLUDE AN ADDITIONAL 100 DRILL HOLES AT THE PROMONTORIO DISCOVERY Kootenay Gold Inc. has arranged a brokered private placement led by PI Financial Corp. of up to five million units at a purchase price of $2.20 per unit for total proceeds to Kootenay of up to $11-million. Kootenay intends to increase the current 10,000-metre drill program to include an additional 100 drill holes, which will test the large 3-D IP chargeability anomaly described in the May 14, 2008, news release in Stockwatch. In addition, an expanded IP survey, mapping, trenching and surface sampling program will test new mineralized zones in the surrounding area on its Promontorio silver discovery. Expanded exploration program at Promontorio discovery To date, the 3-D IP chargeability anomaly at Promontorio has proven to be an exceptionally accurate predictive tool for identifying mineralization and drill targeting (view 3-D model at the company's website). Given the large extent of this anomaly and corresponding alteration at surface, the pace of exploration will be stepped up. A second drill rig will be sourced and added to the program to assist in drilling an expanded program in the order of an additional 35,000 metres, or approximately 100 holes. Also detailed mapping and sampling of the new mineralized zones discussed in the May 14, 2008, news release in Stockwatch are under way. This will be followed by trenching and likely further geophysical surveys, additional targets will be drill tested where warranted. Kootenay will also initiate a regional exploration program on the 90,000-hectare Promontorio property where a third drill rig will be added to drill test these targets based on results of the preliminary work. Private placement Each unit will consist of one common share of Kootenay and one-half of one transferable share purchase warrant. Each whole warrant will entitle the holder to acquire one common share at an exercise price of $2.75 for a period of 24 months from the closing date of the private placement. As consideration to the agents, Kootenay has agreed to pay a commission of 6.5 per cent of the total raised upon closing, which may be payable in cash or units, on the same term as the units of the offering at the election of the agent and issue agent warrants equal to 6.5 per cent of the units issued pursuant to this offering. Each agent warrant will be exercisable to acquire one common share at $2.50 expiring 24 months after the closing date. All of the securities issued pursuant to the private placement will be subject to a minimum four-month hold period. The company has granted the agent an overallotment option to increase the offering by up to one million units, exercisable 48 hours prior to closing date. The net proceeds from the private placement will be used to finance additional work on Kootenay's Promontorio property, its other mineral projects and for general working capital. We seek Safe Harbor.