Killdeer Completes $500,000 Private Placement
Vancouver, BC, February 8th, 2017 – Killdeer Minerals Inc. – KMI.H: TSX-V (“Killdeer” or the “Company”) announces that it has completed its non-brokered private placement of units (each, a “Unit”) at a price of $0.10 per Unit. Each “Unit” consists of one common share of the Company and onehalf-of-one common share purchase warrant (each whole warrant, a “Warrant”). Each whole Warrant entitles the holder to acquire a further common share at a price of $0.15 for a period of twelve months, subject to accelerated expiry in the event that the Company’s common shares have a closing price of $0.40 or higher for ten consecutive trading days.
The private placement was fully subscribed and on closing the Company issued 5,000,000 Units for gross proceeds of $500,000. In connection with closing the Company paid fees of $31,800 and issued 318,000 Warrants to finders’ who introduced subscribers to the private placement. The proceeds of the private placement will be used for general working capital purposes and for the evaluation of potential strategic acquisition opportunities.
All securities issued in connection with the private placement are subject to a four-month-and-one-day hold period.
The Company also announces that it has engaged Daniel Kunz & Associates, LLC, to assist with due diligence of various mineral resource projects the Company is currently reviewing. Daniel Kunz & Associates, LLC is an internationally recognized consulting firm specializing in the exploration, development and financing of resource projects. More information on Daniel Kunz & Associates, LLC is available at www.dkunzassoc.com.
On behalf of the Board of Directors
KILLDEER MINERALS INC.
Saf Dhillon President, Chief Executive Officer, Director
For more information about Killdeer Minerals Inc. please contact:
Saf Dhillon (604) 688-2922
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Suite 2000, 1066 West Hastings Street, Vancouver, British Columbia, Canada, V6E 3X1 Tel: (604) 688-2922