Kairos Announces Completion of Gypsy Swap
KAIROS ANNOUNCES COMPLETION OF GYPSY SWAP
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TSX Venture Exchange: “KRS” FOR IMMEDIATE RELEASE
CALGARY, ALBERTA February 23, 2017 – Kairos Capital Corporation (“ Kairos” or the “Corporation”) reports that
the previously anno unced (February 16, 2017 ) gypsy swap (the “ Swap”) of 4,000,000 common shares (“Common
Shares”) held by an officer of the Corporation (the "Insider") has been completed. The Swap was com pleted at a
price of $0.20 per Common Share.
The Insider intends to use the net proceeds from the Swap to part icipate in the non-brokered private placement (the
"Private Placement") of Common Shares of Kairos which was announced concurrently with the Swap. The issuance
of shares to the Insider pursuant to the Private Placement is considered to be a related party transaction subject to
TSX-V Policy 5.9 and Multilater al Instrument 61-101. Kairos intends to rely on exemptions from the formal valuation
and minority shareholder approval requirements provided under section 5.5(a) and 5.7 (1)(a) of Multilateral Instrument
61-101 on the b asis that participation in the Private Placement by the Insider will not exceed 25% of the fair market
value of the Corporation's market capitalization.
Kairos expects that the Private Placement will close on or about March 10, 2017.
About Kairos
Kairos holds a significant Lithium property portfolio which now consists of approximately 34,200 hectares over 7
salars, all located entirely within Chile (the “ Lithium Claims ”). Preliminary sampling and assaying results from
shallow depth over the first 3 of the salars have been received and confirm management’s belief that the Lithium
Claims are highly prospective for economic lithium brine accumulations.
Reader Advisory
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is de fined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
For further information contact
Al Kroontje, President
Kairos Capital Corporation
#900, 903 – 8th Street SW
Calgary, Alberta T2P 0P7
(403) 607-4009; or via e mail: [email protected]
or:
Robert Gillies, CFO
(403) 829-8639 or via e mail: [email protected]