| Home : October 2010 : October 08, 2010 News : Kilo Completes Final $3.6 Million of Brokered Private Placement |
Kilo Completes Final $3.6 Million of Brokered Private Placement |
October 08, 2010
TORONTO, ONTARIO--(Marketwire - Oct. 7, 2010) - Kilo Goldmines Ltd. (TSX VENTURE:KGL)(FRANKFURT:02K) ("Kilo" or the "Company") is pleased to announce that it has completed the final tranche of its previously announced brokered private placement raising gross proceeds of Cdn$3,662,940, for an aggregate total of $5.0 million. Kilo issued and sold today 18,314,700 units ("Units") of the Company at a price of Cdn$0.20 per Unit, with each Unit comprised of one common share in the capital of Kilo and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to acquire one additional common share in the capital of Kilo at an exercise price of Cdn$0.30 per share until October 7, 2012.
http://www.marketwire.com/mw/release.do?id=1331890&sourceType=3
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