Kairos Announces Closing the Second Tranche of Non-Brokered Private Placement
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TSX Venture Exchange: KRS.V FOR IMMEDIATE RELEASE
KAIROS ANNOUNCES CLOSING THE SECOND TRANCHE OF
NON-BROKERED PRIVATE PLACEMENT
CALGARY, ALBERTA , March 16, 2017 – Kairos Capital Corporation (" Kairos" or the
"Corporation") is pleased to announce that it has , subject to TSX Venture Exchange Inc. (the "TSXV")
approval, closed the final tranche of its non-brokered private placement (the "Private Placement") for an
aggregate of 10,100,000 common shares (“Common Shares”) of Kairos at a price of $0.20 per Common
Share for gross proceeds to the Corporation of $2,020,000.
The second t ranche involved the issuance of 4,780,000 Common Shares for gross proceeds of
CDN$956,000 (the "Second Tranche"). Kairos paid agents a cash commission of 7% of the proceeds
and granted warrants to purchase 5% of the number of Common Shares sold under the Second Tranche ,
with each warrant entitling the hol der to purchase one Common Share at a price of CDN$0.25 for a
period of one year from closing of the Second Tranche.
The net proceeds of the Private Placement will be used by Kairos to fund continued development and
exploration activities on its lithium claims in Chile and for general working capital purposes.
All securities issued pursuant to the Second Tranche are subject to a hold period of four months plus one
day following the closing date.
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 . 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 portfolio
is highly prospective for economic lithium brine accumulations.
Reader Advisory
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Ventur e 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]