Kinbauri Announces Proposed Closing of Private Placement
2009年5月22日 - 12:02AM
Marketwired
Kinbauri Gold Corp. ("Kinbauri") (TSX VENTURE: KNB)(FRANKFURT:
3KG.DE) announces that further to its press release dated May 14,
2009, it intends to close its previously announced private
placement transaction on May 22, 2009. Kinbauri intends to issue up
to 6,000,000 Units at a price of $0.50 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. The
securities will be subject to a four month hold period from the
date of the closing. Kinbauri will pay finder's fees to parties
that referred subscribers to the Company, consisting of 6% of the
funds raised and compensation warrants equal to 6% of the Units
purchased. Each compensation warrant entitles the holder to acquire
one Unit at a price $0.50 per Unit for a period of up to 12 months
from the date of issuance. The proceeds of this financing will be
used for general working capital purposes.
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 in 2010. It
currently has 53,243,051 common shares issued and outstanding.
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
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.
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)
Kinbauri@kinbauri-gold.com Europe INVESTEL Investor Relations &
Telecommunications Ruediger (Rudy) Hnyk, CEO ceo@investel.de
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