KGC Kestrel Gold Inc

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A
VIOLATION OF U.S. SECURITIES LAWS.


Kestrel Gold Inc. ("Kestrel" or the "Corporation") (TSX VENTURE:KGC) is pleased
to announce that it intends to complete a non-brokered private placement
offering of up to 10,000,000 units of the Corporation ("Units") at a purchase
price of $0.10 per Unit for total proceeds of up to $1,000,000 (the "Offering").
Each Unit shall consist of one common share in the capital of the Corporation
("Common Share") and one half of one Common Share purchase warrant of the
Corporation ("Warrant"). Each full Warrant will be exercisable into one Common
Share at a price of $0.20 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 September,
2012 and is subject to the completion of formal documentation and receipt of
regulatory approval, including the conditional approval of the TSX Venture
Exchange Inc. (the "Exchange"). 


If at any time prior to the expiry of the Warrants the trading price of the
Common Shares on the Exchange exceeds $0.35 for a period of 30 consecutive
trading days, the Corporation may, in its sole discretion, provide notice (a
"Notice") to the Warrant holders of early expiry of the Warrants. The Notice
would provide that the Warrants would expire at 3:30 p.m. (Calgary time) on the
date which is twenty one (21) days after the date of the Notice. 


Kestrel intends to use the net proceeds from the Offering to fund a portion of
its exploration activities with respect to its mining properties in Yukon
Territory and for other general working capital requirements. 


In certain instances, the Corporation may pay finder's fees to eligible persons
on a portion of the Offering consisting of a cash payment equal to 8% and the
issuance of finder's warrants ("Finder's Warrants") equal to 8% of the gross
proceeds raised from applicable subscriptions in the Offering. Each Finder's
Warrant will entitle the holder to acquire one additional Unit at a price of
$0.20 for a period of 12 months from the closing date of the Offering (the
"Closing Date").  


All Common Shares, Warrants, Finder's Warrants and any Common Shares into which
such securities may be converted shall be subject to a four (4) month statutory
hold period from the Closing Date. 


About Kestrel Gold Inc. 

Kestrel is a gold exploration corporation headquartered in Canada. Its principal
project is the King Solomon Dome property in Canada's Yukon Territory. Kestrel
is listed on the TSX Venture Exchange.  


Cautionary Statements

This news release contains "forward-looking information" within the meaning of
applicable securities laws. These statements relate to future events or future
performance. The use of any of the words "could", "intend", "expect", "believe",
"will", "projected", "estimated" and similar expressions and statements relating
to matters that are not historical facts are intended to identify
forward-looking information and are based on the Corporation's current belief or
assumptions as to the outcome and timing of such future events. Actual future
results may differ materially. In particular, this release contains
forward-looking information relating to the completion and timing of the
Offering, the use of proceeds of the Offering and the payment of a commission to
finders. Various assumptions or factors are typically applied in drawing
conclusions or making the forecasts or projections set out in forward-looking
information. Those assumptions and factors are based on information currently
available to the Corporation. The material factors and assumptions include that
management will be able to raise adequate proceeds from the Offering, that the
Corporation will obtain all necessary regulatory approvals, that the Corporation
will use finders or agents to obtain subscriptions to the Offering and that the
board of directors will not determine that it is in the best interests of the
Corporation to change the intended use of proceeds. Risk Factors that could
cause actual results or outcomes to differ materially from the results expressed
or implied by forward-looking information include, among other things: the
failure to obtain the required approvals for the Offering in a timely fashion or
at all, general economic conditions and market risks relating to the mining
industry. The Corporation cautions the reader that the above list of risk
factors is not exhaustive. The forward-looking information contained in this
release is made as of the date hereof and the Corporation is not obligated to
update or revise any forward-looking information, whether as a result of new
information, future events or otherwise, except as required by applicable
securities laws. Because of the risks, uncertainties and assumptions contained
herein, investors should not place undue reliance on forward-looking
information. The foregoing statements expressly qualify any forward-looking
information contained herein.

Grafico Azioni Kestrel Gold (TSXV:KGC)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni Kestrel Gold (TSXV:KGC)
Storico
Da Giu 2023 a Giu 2024