Kent Exploration Inc.
TSX VENTURE : KEX

Kent Exploration Inc.

February 29, 2008 19:32 ET

Kent Exploration Inc.: Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 29, 2008) - Kent Exploration Inc. (the "Company") (TSX VENTURE:KEX) announces that due to market conditions, the Company is re-pricing the previously announced non-brokered private placement of up to 2,500,000 units at a price of 20 cents per unit to 15 cents per unit.

Each unit will consist of one common share and one common share purchase warrant. Each warrant will be exercisable for a period of eighteen (18) months and entitle the holder to purchase one additional common share in the capital stock of the company at a price of 22.5 cents per common share.

The gross proceeds from the private placement will be used for exploration work on the company's 100-per-cent-optioned Rosebud and Flagstaff properties, and 50% optioned Ivanhoe Creek property, and for general corporate purposes. Finders' fees may be payable on a portion of the private placement in accordance with the policies of the TSX Venture Exchange.

The private placement 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 a gold/silver/barite prospect in eastern Washington state, is earning a 100% interest in the Rosebud property, a gold/silver prospect in northern Arizona, and has earned a 50% interest in the Ivanhoe Creek property, a Midas-style target containing a bentonite deposit 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