Kiplin Metals Provides Update on Private Placement

About this update from Kiplin Metals Inc.

[{"type":"text","content":"Kiplin Metals Provides Update on Private Placement\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n August 16th, 2023 –\n \n \n TheNewswire -\n \n \n Kiplin Metals Inc. (TSXV:KIP)\n \n \n (the “\n \n \n Company\n \n \n ” or “\n \n \n Kiplin\n \n \n ”) is pleased\nto announce that it has elected to revise the terms of its ongoing\nnon-brokered private placement (the “\n \n \n Offering\n \n \n ”) being\nconducted under the Listed Issuer Financing Exemption (as defined\nbelow).  The Offering will now consist of up to 17,647,059 units of\nthe Company (each, a “\n \n \n Unit\n \n \n ”) at a price of $0.17 per Unit to raise\ngross proceeds of up to $3,000,000.  Each Unit will consist of one\ncommon share of the Company and one common share purchase warrant\n(each, a “\n \n \n Warrant\n \n \n ”).  Each Warrant will entitle the\nholder to purchase one common share of the Company at a price of $0.23\nat any time on or before that date which is twelve months after the\nclosing date of the Offering.\n \n \n \n \n The net proceeds raised from the Offering will continue\nto be used to advance the upcoming exploration program on the Cluff\nLake Road (CLR) Uranium Project, located in the Southwestern Athabasca\nbasis of Northern Saskatchewan, and for general working capital\npurposes.\n \n \n \n \n Subject to compliance with applicable regulatory\nrequirements and in accordance with National Instrument 45-106 –\n \n \n Prospectus\nExemptions\n \n \n (“\n \n \n NI 45-106\n \n \n ”), the\nOffering is being made to purchasers resident in Canada, except\nQuebec, pursuant to the listed issuer financing exemption under Part\n5A of NI- 45-106 (the “\n \n \n Listed Issuer Financing Exemption\n \n \n ”).  The\nsecurities offered under the Listed Issuer Financing Exemption will\nnot be subject to a hold period in accordance with applicable Canadian\nsecurities laws.  A revised offering document related to the Offering\nwill be filed by the Company, and will be accessible under the\nCompany’s profile at\n \n \n \n \n www.sedar.com\n \n \n \n \n and on the\nCompany’s website at:\n \n \n \n \n www.kiplinmetals.com\n \n \n \n \n .\n Prospective investors should read this offering d...

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