Kairos Announces Closing the First Tranche of Non-Brokered Private Placement
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Calgary, Alberta (FSCwire) - Kairos Capital Corporation ("Kairos" or the "Corporation") is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement (the "Private Placement") whereby it issued 5,320,000 Common Shares at a price of $0.20 for gross proceeds of CDN$1,064,000 (the "First Tranche"). .
The 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 claims in Chile.
Pursuant to applicable securities laws, all securities issued pursuant to the First Tranche will be subject to a hold period of four months plus one day following the date of issuance of such securities.
Completion of the First Tranche and the Private Placement remains subject to final approval of the TSX Venture Exchange Inc.
About Kairos
Kairos holds a significant lithium property portfolio which now consists of approximately 34,200 hectares over 7 salars, all located entirely within Chile (the "Lithium Claims"). Preliminary sampling and assaying results from shallow depth over the first 3 of the salars have been received and confirm management’s belief that the Lithium Claims are highly prospective for economic lithium brine accumulations.
Reader Advisory
Neither the 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 press release.
For further information contact
Al Kroontje, President
Kairos Capital Corporation
#900, 903 – 8th Street SW
Calgary, Alberta T2P 0P7
(403) 607-4009; or via e mail: al@kasten.ca
or:
Robert Gillies, CFO
(403) 829-8639 or via e mail: robertlgillies@gmail.com
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/kairos03062017.pdf
Source: Kairos Capital Corporation (TSX Venture:KRS)
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