Killdeer Minerals Inc.
TSX VENTURE : KMI

Killdeer Minerals Inc.

October 08, 2009 16:36 ET

Killdeer Minerals Inc. Completes Initial Public Offering

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 8, 2009) - Killdeer Minerals Inc. – (TSX VENTURE:KMI) ("Killdeer") (the "Company"), is pleased to announce that it has completed its Initial Public Offering (the "IPO") of 7,272,000 common shares at a price of $0.15 per common share for gross proceeds of $1,090,800. Details of the IPO are as follows:

Commence Date: At the opening, Wednesday October 7th, 2009, the common shares of Killdeer Minerals Inc. will commence trading on the TSX Venture Exchange.
  
Corporate Jurisdiction:British Columbia, Canada
  
Trading Symbol:KMI
  
Capitalization:  Unlimited common shares with no par value, of which 14,296,867 common shares are issued and 6,734,867 of which are escrowed.
  
Transfer Agent:Computershare Investor Services Inc.
  
Agent:Blackmont Capital Inc. (the "Agent")
  
Greenshoe Option: The Agent has overallotted the offering to the extent of 450,000 shares. The company has granted a greenshoe option entitling the Agent to purchase a total of 450,000 shares at a price of $0.15 for 30 days following the closing of the offering. The Agent has also been granted non-transferable share purchase warrants entitling the Agent to purchase up to 727,200 common shares at an exercise price of $0.15 up to two years.

About Killdeer Minerals Inc.

The Company is engaged in the business of mineral exploration in the Yukon Territory. Its objective is to identify, discovery and develop economic precious and base metals properties of merit. The Company's current project is the Wildcat Silver-Lead-Zinc Project, located near Rancheria, Yukon.

The current work program for the Wildcat Project is outlined in the Company's prospectus, which is available on SEDAR at www.sedar.com.

The Company has also granted incentive stock options pursuant to its stock option plan to directors, officers, and qualifying employees and consultants to purchase up to 449,000 shares at an exercise price of twenty cents per share for a period of five years from the date of the grant.

ON BEHALF OF THE BOARD OF DIRECTORS

Michael Elson, President, Chief Executive Officer and Director

Neither the 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 news release.

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