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Kairos Announces Closing of the First Tranche of its Private Placement
Kairos Announces Closing of the First Tranche of its Private Placement Canada News...
About this update from Lithium Chile Inc
[{"type":"text","content":"\n\n\n\nKairos Announces Closing of the First Tranche of its Private Placement\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, Nov. 9, 2017\n\n\n\nTSX Venture Exchange: \"KRS\"                 \n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/\n\n\n\nCALGARY, Nov. 9, 2017 /CNW/ - Kairos Capital Corporation (\"Kairos\" or the \"Corporation\") is pleased to announce that it has, subject to TSX Venture Exchange Inc. (the \"TSXV\") final approval, closed the first tranche of its previously announced non-brokered private placement (the \"Private Placement\") of units of the Corporation (\"Units\")  pursuant to which Kairos issued an aggregate of 6,363,100 Units for gross proceeds of CDN $2,927,026 (the \"First Tranche\"). Each Unit is comprised of one (1) common share in the capital of the Corporation (a \"Common Share\") and one-third (1/3) of one common share purchase warrant of the Corporation (a \"Warrant\"). Each whole Warrant entitles the holder thereof to purchase one (1) Common Share at a price of $0.69 per share expiring eighteen (18) months from the date of issuance.\n\nIn connection with the First Tranche, Kairos has paid finders a cash commission of 7% of the proceeds of the First Tranche that resulted from such parties efforts, subject to compliance with applicable securities laws.  The finders have also been granted broker warrants to purchase 7% of the number of Common Shares sold under the First Tranche as a result of such parties efforts, which resulted in Kairos issuing an aggregate 445,417 broker warrants. Each broker warrant entitles the holder to purchase one Common Share at a price of CDN $0.46 for a period of one year from the closing of the First Tranche. \n\nThe net proceeds of the First Tranche and the Private Placement will be used by the Corporation for general working capital and to fund continued development and exploration activities on its Lithium pro...