Kent Exploration Inc.
TSX VENTURE : KEX

Kent Exploration Inc.

November 13, 2007 17:16 ET

Kent Exploration Inc: Private Placement Closed

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 13, 2007) - Kent Exploration Inc ("the Company") (TSX VENTURE:KEX) reports the recently announced non-brokered private placement of 750,000 Units at a price of $0.20 cents per Unit for gross proceeds of $150,000 has been accepted for filing by the TSX Venture Exchange and has closed.

Each Unit consists of one (1) common share and one (1) common share purchase warrant. Each warrant will be exercisable for a period of one (1) year and entitle the holder to purchase one (1) additional common share in the capital stock of the Company at a price of $0.30 per common share.

Of the proceeds from the sale of the Units, $100,000 is to be used for the first phase of diamond drilling at the Company's Flagstaff, WA project, with the balance to be used for general working capital.

Finder fees payable: Cheung Mou Lan, $10,000, Pacific International Securities, $1,500.

Kent Exploration Inc is a junior exploration company that has a 100% interest in a mining lease option on a gold/silver/barite prospect in eastern Washington state, is earning a 100% interest in the Rosebud property, a gold/silver prospect in northwestern Arizona, and has earned a 50% interest in the Ivanhoe Creek property, a Midas-style gold/silver target in Nevada's Carlin Trend.

This News Release has been prepared on behalf of the Kent Exploration Inc Board of Directors, which accepts full responsibility for its contents.

ON BEHALF OF THE BOARD

Graeme O'Neill, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Kent Exploration Inc
    Graeme O'Neill
    President
    (604) 684-3394 or Toll Free: 1-866-399-6539
    1-888-282-7763 (FAX)
    Website: www.kent-exploration.com