Kesselrun Resources Announces Private Placement Financing
THUNDER BAY, ON, April 1, 2016 – Kesselrun Resources Ltd. (TSXV:KES) (“Kesselrun” or the “Company”) is pleased to announce that it has arranged an offering of up to $250,000 consisting of flow-through shares (the “FT Shares”) at a price of $0.05 per FT Share and non-flow-through units (the “NFT Units”) at a price of $0.05 per NFT Unit. The NFT Units will consist of one common share and one half of one common share purchase warrant (a “Warrant”). Each whole Warrant will entitle the holder to purchase one common share at a price of $0.10 for two years from the closing date.
In connection with the private placement, the Company may pay finder’s fees in cash or securities or a combination of both, as permitted by the policies of the TSX Venture Exchange.
All securities issued above are subject to a hold period of 4 months and one day from the date of closing. The proceeds from the non flow-through portion of the private placement will be used for general working capital and the proceeds from the flow-through portion of the private placement will be used to conduct exploration on the Company’s properties.
About Kesselrun Resources Ltd.
Kesselrun Resources is a Thunder Bay, Ontario-based mineral exploration company focused on growth through property acquisitions and discoveries. Kesselrun's management team possesses strong geological and exploration expertise with particular experience in Northwest Ontario. For more information about Kesselrun Resources, please visit www.kesselrunresources.com.
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 news release.
For additional information please contact:
Kesselrun Resources Ltd.
Michael Thompson, P. Geo., President & CEO