Khalkos: Closing of a Private Placement and Sale of the Pontax-Lithium Property Completed
14 December 2013 - 6:31AM
Marketwired
Khalkos: Closing of a Private Placement and Sale of the
Pontax-Lithium Property Completed
MONTREAL, QUEBEC--(Marketwired - Dec 13, 2013) - Management of
KHALKOS EXPLORATION INC. ("Khalkos" or the "Corporation")
(TSX-VENTURE:KAS) completed the closing of a private placement. A
total amount of $76,855 was subscribed in this closing. It was
composed of 1,097,923 units at $0.07 per unit, each comprised of
one Common Share and a warrant. Each warrant entitles its holder to
subscribe for one Common share at $0.12 per share for a period of
24 months after the closing date. Two directors of Khalkos
participated in the placement for an amount of $4,550.
The proceeds of this placement will be mainly used by Khalkos to
develop the Villebon property. A series of fieldwork such as
stripping, bulk sampling program, metallurgical tests, and the
validation of the historical data will be undertaken. The placement
will also be used for general purposes of the Corporation. Please
visit the Khalkos' web site for more information on the Villebon
property.
Khalkos is also pleased to announce the completion of the sale
of the Pontax-Lithium property to Stria Capital Inc.
(TSX-VENTURE:SRA)("Stria"). Stria wholly acquired the
Pontax-Lithium property in consideration of a cash payment of
$100,000 and the issuance of 833,333 common shares at the price of
$0.30 per share for a value of $250,000.
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 release.
Robert Gagnon, Presidentrgagnon@khalkos.com(819) 860-2621Peter
Kong, B.B.A.pkong@khalkos.com(514) 750-9026(514)
510-7964www.khalkos.com
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