Kenna Resources Corp.

Kenna Resources Corp.

October 01, 2014 19:28 ET

Kenna Announces Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 1, 2014) - Kenna Resources Corp. (TSX VENTURE:KNA) ("Kenna" or the "Corporation") is pleased to announce that it intends to undertake a non-brokered private placement to raise up to $420,000.01 through the issuance of 3,652,174 Units at a price of $0.115 per Unit. Each unit is comprised of one common share and one half of one transferable share purchase warrant, each whole warrant entitling the holder to acquire one Kenna common share at an exercise price of $0.25 for a period of 12 months from the date of issuance. The financing will be available to qualified accredited investors in Ontario, British Columbia and Alberta.

All securities issued in connection with the private placement will be subject to a four month "hold period" under applicable securities legislation and the policies of the TSX Venture Exchange.

Kenna will use the proceeds of this offering for general corporate purposes.

The offering remains subject to the approval of the TSX Venture Exchange.

More information is available by contacting Tim Fernback at 604.340.3774.

On Behalf of the Board of Directors of Kenna,

Tim Fernback, President and CEO

Neither 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.

This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors - including the availability of funds, the results of financing efforts, the results of exploration activities -- that could cause actual results to differ materially from the Corporation's expectations are disclosed in the Corporation's documents filed from time to time on SEDAR (see Readers are cautioned not to place undue reliance on these forward- looking statements, which speak only as of the date of this press release. The Corporation disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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