Kinbauri Announces Private Placement
February 20 2009 - 7:00AM
Marketwired
Kinbauri Gold Corp. ("Kinbauri") (TSX VENTURE: KNB) (FRANKFURT:
3KG.DE) announced today that it intends to complete a brokered
private placement of up to 6,666,667 Units of Kinbauri at a price
of $0.45 per Unit for gross proceeds of $3,000,000. Each Unit will
consist of one common share and one-half of a common share purchase
warrant. Each whole warrant entitles the holder to purchase one
common share at a price of $0.70 for a period of 12 months from the
date of issuance. M Partners Inc. is acting as sole agent. The
proceeds of the financing will be used for general working capital
purposes and the advancement of its El Valle/Carles project in
northwestern Spain. The placement is subject to acceptance by the
TSX Venture Exchange.
About Kinbauri:
Kinbauri is a TSXV - Tier 1 Mineral Exploration Company focused
on the development of precious metal prospects in Spain, Nevada and
Canada. Its immediate focus is to begin operations at its El
Valle/Carles property in Asturias, northwestern Spain by 2011. It
currently has 48,894,450 common shares issued and outstanding.
THIS PRESS RELEASE WAS PREPARED BY KINBAURI GOLD CORP. THE TSX
VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
This press release contains certain forward-looking statements,
which are based on the opinions and estimates of management at the
date the statements are made, and are subject to a variety of risks
and uncertainties and other factors that could cause actual events
or results to differ materially from those projected. Kinbauri
undertakes no obligation to update forward-looking statements if
circumstances or management's estimates or opinions should change.
The reader is cautioned not to place undue reliance on
forward-looking statements.
VISIT:
Kinbauri Gold's Hub at http://www.agoracom.com/IR/kinbauri where
investors can post questions and receive answers or review
questions and answers already posted by other investors. Kinbauri
Web-Site: www.kinbauri-gold.com
Contacts: North America Darrell Munro, BB.A, LL.B Manager,
Corporate Communications 613-836-0198 dmunro@kinbauri-gold.com Dr.
Vern Rampton, P. Eng. President 613-836-2594 613-831-2730 (FAX)
vrampton@kinbauri-gold.com kinbauri@kinbauri-gold.com Europe
INVESTEL Ruediger (Rudy) Hnyk, CEO Investor Relations &
Telecommunications ceo@investel.de
Kinbauri Gold Corp Com Npv (TSXV:KNB)
Historical Stock Chart
From Jun 2024 to Jul 2024
Kinbauri Gold Corp Com Npv (TSXV:KNB)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Kinbauri Gold Corp Com Npv (TSX Venture Exchange): 0 recent articles
More Kinbauri Gold Corp. News Articles