Kestrel GOLD Inc. Announces Closing of Final Tranche of Private Placement
NEWS RELEASE
KESTREL GOLD INC. ANNOUNCES CLOSING OF FINAL TRANCHE OF PRIVATE
PLACEMENT
March 6, 2018: Mr. Kevin Nephin, President and CEO of Kestrel Gold Inc. ( the “Corporation”
or “Kestrel”) (TSX-V: KGC) is pleased to announce that the Corporation has closed the final
tranche of its non-brokered private placement (the “Private Placement”) for an additional
1,600,000 units of the Corporation ( the “Units”) at a price of $0.05 per Unit, for gross proceeds
of $80 ,000. Each unit consists of one common share (“Common Share”) and one common
share purchase warrant (“Warrant”), each Warrant entitling the holder to purchase one common
share of the Corporation (the “Warrant Share”) at a price of $0.05 per Warrant Share, at any time
until March 4, 2020. The Common Shares and Warrants are subject to a statutory four month
hold period, which expires July 6, 2018. Finder’s fees were paid in cash in the amount of 8% of
the gross proceeds and in Finder’s Warrants in the amount equal to 8% of the number of Unit s
sold to subscribers who have been introduced to the Corporation by the Finder.
The aggregate gross proceeds from the first tranche and the final tranche of the Private
Placement is $375,000, which represents the issuance of an aggregate total of 7,500,0 00 Units.
The net proceeds, after deducting the finder’s fees of $12,800, will be used for exploration
activities in the amount of $35,000 and for general working capital in the amount of $327,200.
About Kestrel Gold Inc.
Kestrel Gold Inc. holds a 100 % interest in the King Solomon’s Dome project and has options to
earn a 100% interest in four gold projects totaling approximately 5,700 hectares located within
the Yukon portion of the Tintina Gold Belt, as well as four copper -gold projects in British
Columbia, Canada, north of the Red -Chris copper -goldmine, totaling approximately 7,200
hectares. Numerous mineralized occurrences exist on these various properties and each has an
excellent data base from previous work. Kestrel’s proposed 2018 work programs will focus on
further enhancing the value of these projects.
For further information contact:
Kevin Nephin, President and CEO
Office (604) 799-2456
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.