Posted on Silicon Investor 4/22/22...
Kootenay Silver (KTN; KOOYF) made a major announcement the other day ( https://bit.ly/3xQgJx9 ), but very few heard about it because it was on behalf of their spun-out subsidiary named Kootenay Resources that is not listed, and for some reason it was decided that neither 'Kootenay Silver' or 'KTN' would appear in the PR. This is just one of the problems with this kind of spinout, another of which was recently foisted on Silver Bull shareholders.
Kootenay Resources was set up to hold the company's properties in BC, of which there are dozens. Kootenay Silver (and presumably Kootenay Resources ) is a project generator that may do some preliminary exploration on their prospects but looks to farm them out so another company that funds the exploration in exchange for a partial interest. In this case, it is Copley, a gold prospect on the Nechako Plateau. Centerra Gold is earning 70% in exchange for $400k cash and $4M in exploration expenditures.
KTN has been making noises about listing Kootenay Resources; let's hope the $40k goes to pay for that so shareholders can get some benefit.
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