Kanosak Capital Venture Corp Closes Private Placement Of Flow-Through Shares

Friday, 21 Dec 2012 02:33pm EST 

Kanosak Capital Venture Corp announced that it has completed a non-brokered private placement of 669,084 flow-through common shares at a price of $0.30 each, for total proceeds of $200,725.30. These common shares were issued under applicable prospectus exemptions and will be subject to a statutory hold period of four months and one day from closing. The proceeds of this private placement, which is subject to the approval of the TSX Venture Exchange, will be used to explore Kanosak's Yasinksi Lake property. 

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