NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC / ACCESS Newswire / January 22, 2026 / Kootenay Silver Inc. (TSXV:KTN) ("Kootenay" or the "Company") is pleased to announce that it has entered into an engagement letter with Red Cloud Securities Inc. ("Red Cloud"), as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase for resa ...

Core Viewpoint - ONGold Resources Ltd. has successfully completed an upsized private placement, raising gross proceeds of C$9,300,042 through the issuance of various types of common shares [1][2]. Group 1: Offering Details - The Offering included the sale of 2,590,700 flow-through shares at C$0.965 each, generating C$2,500,025.50 [1] - Additionally, 3,744,300 flow-through shares were sold at C$1.095 each, raising C$4,100,008.50 [1] - The Offering also comprised 3,970,600 common shares sold at C$0.68 each, contributing C$2,700,008.00 to the total proceeds [1]. Group 2: Underwriting and Commissions - The Offering was conducted on a "bought deal" basis, with Paradigm Capital Inc. as the lead underwriter [2] - A cash commission of 6% of the gross proceeds was paid to the underwriters, along with 309,168 non-transferable compensation options [3]. Group 3: Use of Proceeds - Proceeds from the sale of flow-through shares will be used for eligible Canadian exploration expenses, with specific allocations for Ontario and Manitoba exploration properties [4] - The net proceeds from the sale of common shares are intended for working capital and general corporate purposes [4]. Group 4: Regulatory Compliance - The Offering was made available to purchasers in all Canadian provinces except Quebec, under the Listed Issuer Financing Exemption [5] - Insider participation in the Offering was classified as a related party transaction, with exemptions from formal valuation and minority shareholder approval requirements [6]. Group 5: Company Overview - ONGold Resources Ltd. holds significant exploration assets in Northern Ontario and Northern Manitoba, including several strategic projects in gold-producing regions [9].