| Home : March 2015 : March 17, 2015 News : Kelt Closes Upsized $33.4 Million CDE Flow-Through Equity Financing |
Kelt Closes Upsized $33.4 Million CDE Flow-Through Equity Financing |
March 17, 2015
CALGARY, AB--(Marketwired - March 16, 2015) - Kelt Exploration Ltd. ("Kelt" or the "Company") (TSX: KEL) is pleased to announce that it has closed the final tranche of its previously announced $33.4 million non-brokered private placement of common shares, issued on a "flow-through" basis in respect of Canadian development expenses at a price of $8.60 per share (the "Private Placement"). Pursuant to the final tranche of the Private Placement, the Company issued an additional 581,400 flow-through common shares for gross proceeds of $5.0 million. Proceeds from the Private Placement will be used to partially finance the Company's drilling and completion expenditures during the remainder of 2015.
http://www.marketwired.com/mw/release.do?id=2000722&sourceType=3
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