Killdeer Minerals Inc.
TSX VENTURE : KMI.H

Killdeer Minerals Inc.

November 24, 2015 08:00 ET

Killdeer Completes Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 24, 2015) - Killdeer Minerals Inc. - (TSX VENTURE:KMI.H) ("Killdeer" or the "Company") announces that it has completed its previously announced private placement through the issuance of 17,012,800 common shares, at a price of $0.075 per share, for gross proceeds of $1,275,960. The proceeds of the private placement will be used to pay down existing trade payables and outstanding indebtedness of the Company, and will leave the Company with sufficient working capital to evaluate potential strategic acquisition opportunities.

In connection with closing of the private placement, the Company has paid finder's fees of $27,066 to parties who introduced subscribers to the Company.

On closing of the private placement, the Company also settled outstanding indebtedness of $103,380, through the issuance of 1,378,400 common shares, at a price of $0.075 per share. All securities issued in connection with the private placement and debt settlement are subject to a four-month-and-one-day hold period.

The Company also announces that David Pugh has resigned from its board of directors, and Michael Withrow has been appointed to fill the vacancy. Following this appointment, the board of directors of the Company now consists of Stan Szary, Saf Dhillon and Michael Withrow. The Company thanks Mr. Pugh for his service as a director, and wishes him all the best in the future.

On behalf of the Board of Directors

KILLDEER MINERALS INC.

Saf Dhillon, Director

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 release.

Contact Information

  • Killdeer Minerals Inc.
    Saf Dhillon
    Director
    (604) 688-2922