ACCESS Newswire
12 Aug 2019, 20:32 GMT+10
CALGARY, AB / ACCESSWIRE / August 12, 2019 / Kestrel Gold Inc. (the "Corporation") (TSXV:KGC) announces that it proposes to offer by way of a non-brokered private placement up to 5,555,556 units ("Units") at a price of $0.018 per Unit to raise gross proceeds of up to $100,000 (the "Offering"). Each Unit will consist of one common share and one common share purchase warrant ("Warrant"), with each Warrant entitling the holder to acquire, for a period of 60 months from the date of issue, one common share at an exercise price of $0.05 per common share.
Finders who introduce subscribers to the Offering will be paid a cash commission equal to 8% of the gross proceeds from the sale of Units sold to such subscribers and will receive warrants entitling the finder to purchase a number of common shares of the Corporation equal to 8% of the number of Units sold to such subscribers, at an exercise price of $0.05 for a period of 60 months from the date of issuance of the warrants.
Attributes of the Offering are as follows:
The Offering is subject to final TSX Venture Exchange acceptance. Common Shares and Warrants will be subject to a four-month hold period.
Forward-Looking Statements
The information and statements in this news release contain certain forward-looking information. This forward-looking information relates to future events or the Corporation's future performance. In particular, this document contains forward-looking information and statements regarding: (i) the completion of the Private Placement and the issuance of the common shares; and (ii) the use of proceeds of the Private Placement. All statements other than statements of historical fact may be forward-looking information. This forward-looking information is subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking information. These assumptions include market acceptance of the terms of the Private Placement. The outcome and timing of the proposed Private Placement, as well as the Corporation's actual results, performance or achievement could differ materially from those expressed in, or implied by, such forward-looking information, and accordingly, no assurances can be given that any of the events anticipated by the forward-looking information will transpire or occur or, if any of them do, what benefits that the Corporation will derive from them. The Company's forward-looking information is expressly qualified in its entirety by this cautionary statement. Except as required by law, the Corporation undertakes no obligation to publicly update or revise any forward-looking information.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (as that term is defined in the policies of the TSX Venture Exchange) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
For further information contact:
Rob Solinger, President and CEO
Office: (403) 816-2141
Email: [email protected]
SOURCE: Kestrel Gold Inc.
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