Knight Resources Ltd.: $600,000 Private Placement Closed
01 4월 2010 - 8:28AM
Marketwired
Mr. David Patterson, Chairman of Knight Resources Ltd. (TSX
VENTURE: KNP)(FRANKFURT: KRL) reports that the Company has closed a
non-brokered private placement in an amount of $600,000. The funds
were raised through the issuance of 2,608,695 Quebec flow-through
units ("QFT Unit") at a price of $0.115 per QFT Unit and 2,727,272
flow-through units ("FT Unit") at a price of $0.11 per FT Unit.
Each QFT Unit and each FT Unit consists of one common share and
one-half of one common share purchase warrant. Each whole warrant
entitles the holder to acquire one common share at a price of $0.15
until March 31, 2011, and at a price of $0.20 until March 31, 2012.
The Company paid aggregate finder's fees totaling $48,000, and
issued 426,878 finders' warrants on the same terms as the warrants
issued as part of the FT Units. All securities issued to
subscribers and finders, including any common shares which may be
issued upon the exercise of warrants, are subject to a hold period
expiring August 1, 2010.
The funds raised by way of the financing will be used for
exploration of the West Raglan Project, located in northern
Quebec.
ON BEHALF OF THE BOARD OF KNIGHT RESOURCES LTD.
David Patterson, Chairman
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 NEWS RELEASE.
Contacts: Knight Resources Ltd. Andrea Magee (604) 684-6535
(604) 602-9311 (FAX) knight@bed-rock.com www.knightresources.ca
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