Key Gold Holdings Inc. Announces the Closing of a Non-Brokered Private Placement of Flow-Through Shares
31 Diciembre 2010 - 9:58AM
Marketwired
Key Gold Holding Inc. (the "Company") (TSX VENTURE: KGH) hereby
announces that it has received on December 31st, 2010, the
conditional acceptance from the TSX Venture Exchange (the "TSX-V")
regarding its non-brokered private placement of Flow-Through
Shares.
The Company is happy to disclose that it closed as of December
31st, 2010 an amount of $525,000 which consists in the issuance
from treasury of 2,916,000 common shares at a price per share of
$0.18.
As disclosed in its press release dated December 30th, 2010, the
Company intends to pay an intermediary fee of 10% on the proceeds
of the financing to limited market dealers.
The common shares which will be issued from the present private
placement will have a four month hold as of the date of issuance of
said common shares.
About Key Gold Holding Inc.
Key Gold Holding Inc. is a junior mining exploration company
listed on the TSX Venture Exchange whose mission, among others, is
to invest in small-scale gold production projects and to provide
expertise in financial and mining engineering with the objective of
maximizing return on investments and shareholders' value.
Forward looking Statement:
This document contains certain forward looking statements which
involve known and unknown risks, delays, and uncertainties not
under the Company's control which may cause actual results,
performance or achievements of the Company to be materially
different from the results, performance or expectation implied by
these forward looking statements.
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.
Contacts: Key Gold Holding Inc. Louis Lessard President
514-650-4171 louis.lessard@keygoldholding.com
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