Kestrel GOLD Inc. Announces Closing of Private Placement
NEWS RELEASE
KESTREL GOLD INC. ANNOUNCES CLOSING OF PRIVATE PLACEMENT
June 22, 2017: 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 its non -
brokered private placement (the “Private Placement”) of 6,000,000 units of the Corporation ( the
“Units”) at a price of $0.10 per Unit, for gross proceeds of $600,000. Each unit consists of one
common share (“Common Share”) and one com mon share purchase warrant (“Warrant”), each
Warrant entitling the holder to purchase one common share of the Corporation (the “ Warrant
Share”) at a price of $0.15 per Warrant Share, at any time until June 21, 2019 . The Common
Shares and Warrants are subject to a statutory four month hold period, which expires October 22, 2017.
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 Units sold to subscribers who have been introduced to the
Corporation by the Finder.
The proceeds of the private placement will be to pay finders’ fees of $37,560, for exploration
activities in the amount of $315,000 and up to $247,440 for general working capital.
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 2017 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 Vent ure 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.
This press release contains forward -looking information within the meaning of applicable
securities laws. Such information includes, without limitation, information regarding the
anticipated use of proceeds of the private placement. Although the Corporation believes that
such information is reasonable, it can give no a ssurance that such expectations will prove to be
correct. Forward -looking information is typically identified by words such as “ believe”,
“expect”, anticipate”, “intend”, “estimate” and similar expressions, or are those, which, by
their nature, refer to future events. The Corporation cautions investors that any forward-looking
information provided by the Corporation are not guarantees of future results or performance,
and that actual results may differ materially from those in forward -looking information as a
result of various factors, including, but not limited to, the state of the financial markets for the
Corporation’s equity securities; the state of the market for minerals that may be produced;
market volatility; variations in the nature, quality and quantity of mineral deposits that may be
located; the Corporation’s ability to obtain any necessary permits, consents or authorizations
required for its activities; the Corporation’s ability to raise the necessary capital or to be fully
able to implement i ts business strategies; and other risks associated with the exploration and
development of mineral properties.