Kent Exploration Inc.
TSX VENTURE : KEX

Kent Exploration Inc.

June 17, 2008 19:25 ET

Kent Exploration Inc.: Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 17, 2008) - Kent Exploration Inc. (the "Company") (TSX VENTURE:KEX) announces a non-brokered private placement of up to 1,500,000 units at a price of 20 cents per unit for gross proceeds of $300,000.

Each unit will consist of one (1) common share and one (1) common share purchase warrant. Each warrant will be exercisable for a period of two (2) years and entitle the holder to purchase one additional common share in the capital stock of the Company at a price of 30 cents per common share during the first year and 38 cents per common share during the second year.

The gross proceeds from the private placement will be used for general corporate purposes and for exploration work on the Company's 100% optioned Rosebud, Flagstaff and Silver Hill properties and, upon regulatory approval, the coal disposition properties applied for in east-central Saskatchewan, and for. Finders fees may be payable on a portion of the private placement in accordance with the policies of the TSX Venture Exchange ("TSX-V").

The private placement is subject to a four month hold period from closing and will close when the final documentation is accepted for filing by the TSX-V.

Kent Exploration Inc is a junior exploration company that has a 100% interest in a mining lease option on the Flagstaff Mountain property, a gold/silver/zinc/barite prospect in eastern Washington state, is earning a 100% interest in the Rosebud property, a gold/silver prospect in northern Arizona, has earned 50% of a 100% interest in the mining lease option on the Ivanhoe Creek property, a Midas-style gold/silver target and 50% of a 100% interest in the Ivanhoe Creek placer claims, covering a bentonite deposit in Nevada's Carlin Trend, has a 100% option on the Silver Hills property in south-eastern British Columbia.

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