Kestrel Gold Inc. Announces Closing of First Tranche of Private Placement
February 28, 2018: Mr. Kevin Nephin, President and CEO of Kestrel Gold Inc. (the “Corporation” or “Kestrel”) (TSX-V: KGC) is pleased to announce that the Corporation has closed the first tranche of its non-brokered private placement (the “Private Placement”) for 5,900,000 units of the Corporation (the “Units”) at a price of $0.05 per Unit, for gross proceeds of $295,000. Each unit consists of one common share (“Common Share”) and one common share purchase warrant (“Warrant”), each Warrant entitling the holder to purchase one common share of the Corporation (the “Warrant Share”) at a price of $0.05 per Warrant Share, at any time until February 27, 2020. The Common Shares and Warrants are subject to a statutory four month hold period, which expires June 29, 2018. Finder’s fees were paid in cash in the amount of 8% of the gross proceeds and in Finder’s Warrants in the amount equal to 8% of the number of Units sold to subscribers who have been introduced to the Corporation by the Finder.
About Kestrel Gold Inc.
Kestrel Gold Inc. holds a 100% interest in the King Solomon’s Dome project and has options to earn a 100% interest in four gold projects totaling approximately 5,700 hectares located within the Yukon portion of the Tintina Gold Belt, as well as four copper-gold projects in British Columbia, Canada, north of the Red-Chris copper-goldmine, totaling approximately 7,200 hectares. Numerous mineralized occurrences exist on these various properties and each has anexcellent data base from previous work. Kestrel’s proposed 2018 work programs will focus on further enhancing the value of these projects.
For further information contact:
Kevin Nephin
President and CEO
Office (604) 799-2456
kvnephin@gmail.com
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.