Kinbauri Closes Private Placement
2009年5月27日 - 4:13AM
Marketwired
Kinbauri Gold Corp. ("Kinbauri") (TSX VENTURE: KNB)(FRANKFURT:
3KG.DE) announces that further to its press release of earlier
today, Kinbauri has closed its previously announced private
placement of 6,000,000 Units at a price of $0.50 per Unit for gross
proceeds of $3,000,000. Each Unit consists 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 until May 26, 2010. Kinbauri paid finder's fees consisting of
$156,000 and 312,000 compensation warrants. Each compensation
warrant entitles the holder to acquire one Unit at a price $0.50
per Unit until May 26, 2010. All securities will be subject to a
four month hold period from the date of the closing. 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 59,243,051 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 Kinbauri Gold Corp. Darrell Munro, BB.A,
LL.B, Manager, Corporate Communications 613-836-0198
dmunro@kinbauri-gold.com www.kinbauri-gold.com Kinbauri Gold Corp.
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
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