Kesselrun Resources Announces $1 Million Private Placement Financing
01 Octubre 2012 - 12:36AM
PR Newswire (Canada)
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/ THUNDER BAY, ON, Oct. 3, 2012
/CNW/ - Kesselrun Resources Ltd. (the "Company" or "Kesselrun" or
"KES"), formerly Aleeyah Capital Corp., is pleased to announce that
it has arranged to offer (the "Offering") up to 2 million units
(the "Units") at a price of $0.50 per Unit for gross proceeds of up
to $1 million. Each Unit shall be comprised of one common
share (a "Share") and one-half of one share purchase warrant.
Each whole warrant shall be exercisable into an additional Share at
a price of $0.75 per Share at any time up to 5:00 pm (Vancouver
time) on that day that is two years following the closing of the
Offering. Bayfront Capital Partners Ltd. has agreed to act as
lead agent on the Offering. The Company intends to use the
proceeds from the Offering to continue its exploration and commence
the drilling program at its Bluffpoint property in Ontario, and for
working capital purposes. The Offering remains subject to
approval from the TSX Venture Exchange. On Behalf of the Board of
Directors KESSELRUN RESOURCES LTD. Michael Thompson, President, CEO
and Director About Kesselrun Resources Ltd. Kesselrun Resources is
a newly formed Thunder Bay, Ontario-based mineral exploration
company focused on growth through property acquisitions and
discoveries. Kesselrun's management team possesses strong
geological and exploration expertise with particular experience in
Northwest Ontario. For more information about Kesselrun Resources,
please visit our website at www.kesselrunresources.com. Forward
Looking Statements This release includes certain statements that
may be deemed to be "forward-looking statements". All statements in
this release, other than statements of historical facts, that
address events or developments that the Company expects to occur,
including without limitation, the private placement, are forward
looking statements. Forward looking statements are statements that
are not historical facts and are generally, but not always,
identified by the words "expects", "plans", "could" or "should"
occur. Although the Company believes the expectations expressed in
such forward looking statements are based on reasonable
assumptions, such statements are not guarantees of future
performance and actual results may differ materially from those in
forward looking statements. Factors that may cause the actual
results to differ materially from those in forward-looking
statements include gold prices, results of exploration and
development activities, regulatory changes, defects in title,
availability of materials and equipment, timeliness of government
approvals, continued availability of capital and financing and
general economic, market or business conditions. The Company
cautions the foregoing list of important factors is not exhaustive.
Investors and others who base themselves on the Company's
forward-looking statements should carefully consider the above
factors as well as the uncertainties they represent and the risk
they entail. The Company believes that the expectations reflected
in those forward-looking statements are reasonable, but no
assurance can be given that these expectations will prove to be
correct. Please see the public filings of the Company at
www.sedar.com. 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. Kesselrun Resources Ltd. CONTACT:
Kesselrun Resources Ltd.Michael Thompson, P.Geo, President &
CEO807.285.3323 Adam Rabiner, Corporate Communications604.868.7881
or 1.866.416.7941information@kesselrunresources.com
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