Kestrel Gold Inc Announces Proposed Private Placement

Wednesday, 3 Apr 2013 07:42pm EDT 

Kestrel Gold Inc announced that it intends to complete a non-brokered private placement offering of up to 15,000,000 units of the Corporation at a purchase price of $0.08 per Unit for total proceeds of up to $1,200,000. Each Unit shall consist of one common share in the capital of the Corporation and one half of one Common Share purchase warrant of the Corporation. Each full Warrant will be exercisable into one Common Share at a price of $0.15 per Common Share for 12 months from the date of issuance subject to earlier expiry in certain circumstances. The closing of the Offering is expected to occur prior to the end of April, 2013. Kestrel intends to use the net proceeds from the Offering to fund a portion of its proposed exploration activities on the King Solomon Dome Project in the Dawson Mining District, Yukon Territory, Canada. 

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