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Kesselrun Resources (TSXV:KES) announces $3M private placement

Mining, The Market Online Deal Room
TSXV:KES
12 November 2021 09:00 (EDT)

Kesselrun (KES) is pleased to announce a non-brokered private placement for gross proceeds of up to C$3,000,000.

The company will issue both flow-through units and charity flow-through units.

Red Cloud Securities Inc. is acting as a finder in connection with the offering.

Each FT unit shall include one common share and one half of one common share purchase warrant. Each whole warrant shall be exercisable into one common share at a price of C$0.23 within 24 months following the closing date of the offering.

Proceeds will be used for the exploration of the Huronian Gold Project in northwestern Ontario.

The offering is scheduled to close on or about November 30, 2021. Shares issued will be subject to a hold period of four months and one day in accordance with applicable securities laws.

Kesselrun Resources is an Ontario-based mineral exploration company focused on property acquisitions and discoveries.

Kesselrun Resources Ltd. (KES) opened trading at $0.16 per share.

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