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Kairos Announces Closing of the Second and Final Tranche of its Private Placement
Kairos Announces Closing of the Second and Final Tranche of its Private Placement ...
About this update from Lithium Chile Inc
[{"type":"text","content":"\n\n\n\nKairos Announces Closing of the Second and Final 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.prntal{\nTEXT-ALIGN: LEFT\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, Nov. 15, 2017\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/\n\nTSX Venture Exchange: \"KRS\"\n\n\n\nCALGARY, Nov. 15, 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 second and final tranche of its previously announced non-brokered private placement (the \"Private Placement\") of units of the Corporation (\"Units\"), pursuant to which, Kairos issued an additional 1,246,900 Units for gross proceeds of CDN$573,574 (the \"Second 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. Including the first tranche which was closed last week, the Private Placement resulted in Kairos issuing an aggregate of 7,610,000 Units for aggregate gross proceeds of CDN$3,500,600.\n\nIn connection with the Second Tranche, Kairos has paid finders a cash commission of 7% of the proceeds of the Second 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 Second Tranche as a result of such parties efforts, which resulted in Kairos issuing an aggregate 86,674 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 Second Tranche. \n\nThe net proceeds of the Second Tranche and the Private Placement wi...