JonnyRBuck12
5 years ago
Kestrel Gold Inc. Announces Proposed Private Placement
2020-08-13 10:21 MT - News Release
CALGARY, AB / ACCESSWIRE / August 13, 2020 / Kestrel Gold Inc. (the "Corporation") (TSXV:KGC) announces that it proposes to offer by way of a non-brokered private placement up to 8,500,000 units ("Units") at a price of $0.035 per Unit to raise gross proceeds of up to $297,500 (the "Offering"). Each Unit will consist of one common share and one common share purchase warrant (each whole warrant called a "Warrant"), with each Warrant entitling the holder to acquire, for a period of 24 months from the date of issue, one common share at an exercise price of $0.07 per common share.
Finders who introduce subscribers to the Offering will be paid a cash commission equal to 6% of the gross proceeds from the sale of Units sold to such subscribers and will receive warrants entitling the finder to purchase a number of common shares of the Corporation equal to 6% of the number of Units sold to such subscribers, at an exercise price of $0.07 for a period of 24 months from the date of issuance of the warrants.
Attributes of the Offering are as follows:
The Offering will be made pursuant to various prospectus exemptions in all jurisdictions in Canada, including the exemption available to existing shareholders (the "Existing Shareholder Exemption"). The exemption available by virtue of receipt of suitability advice from a registered investment dealer ("Investment Dealer Exemption") is only available in Alberta, British Columbia, Saskatchewan, Manitoba and New Brunswick and in relation to the Investment Dealer Exemption, the Corporation states that there is no material fact or material change related to the Corporation which has not been generally disclosed.
With regard to the Existing Shareholder Exemption, the record date for subscribers who qualify is August 13, 2020.
Subscribers relying on the Existing Shareholder Exemption must obtain a Subscription Agreement from the Corporation by sending a request by e-mail to rob@solinger.ca and submitting, by not later than August 27, 2020, a fully executed Subscription Agreement together with the subscription funds in accordance with the instructions accompanying the Subscription Agreement.
In the event that the Offering is over-subscribed by subscribers relying on the Existing Shareholder Exemption, the subscriptions will be accepted on a pro-rata basis based on the amount subscribed by each subscriber, and the balance of the subscription funds will be returned to the subscriber.
There is no minimum offering and the maximum offering is 8,500,000 Units.
Proceeds from the Offering will be used for finders' fees of up to $15,000, exploration expenses of up to $190,000, professional fees of $30,000, filing fees and annual meeting expenses of $25,000 accounts payable of $20,000 and other expenses of $17,500.
In that directors and senior officers of the Company will be participating in part of the Private Placement, that part of the Private Placement will be a "related party transaction" within the meaning of Multilateral Instrument 61-101 ("MI 61-101"), which requires the Company to obtain "minority approval" of the Company's shareholders of the related party transaction unless there is an exemption from such requirement. The Company is relying on the exemption in Section 5.7(a) of MI 61-101 on the basis that the fair market value of the securities to be distributed to the related parties will be less than 25% of the Company's market capitalization.
The Offering is subject to final TSX Venture Exchange acceptance. Common Shares and Warrants will be subject to a four-month hold period.
Forward-Looking Statements
The information and statements in this news release contain certain forward-looking information. This forward-looking information relates to future events or the Corporation's future performance. In particular, this document contains forward-looking information and statements regarding: (i) the completion of the Private Placement and the issuance of the common shares; and (ii) the use of proceeds of the Private Placement. All statements other than statements of historical fact may be forward-looking information. This forward-looking information is subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking information. These assumptions include market acceptance of the terms of the Private Placement. The outcome and timing of the proposed Private Placement, as well as the Corporation's actual results, performance or achievement could differ materially from those expressed in, or implied by, such forward-looking information, and accordingly, no assurances can be given that any of the events anticipated by the forward-looking information will transpire or occur or, if any of them do, what benefits that the Corporation will derive from them. The Company's forward-looking information is expressly qualified in its entirety by this cautionary statement. Except as required by law, the Corporation undertakes no obligation to publicly update or revise any forward-looking information.
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.
For further information contact:
Rob Solinger, President and CEO
Office: (403) 816-2141
Email: rob@solinger.ca
SOURCE: Kestrel Gold Inc.
View source version on accesswire.com:
https://www.accesswire.com/601596/Kestrel-Gold-Inc-Announces-Proposed-Private-Placement
© 2020 Canjex Publishing Ltd. All rights reserved.
JonnyRBuck12
5 years ago
Kestrel appoints Lynch, Kreft, Termuende as advisers
2020-08-11 14:05 MT - News Release
Mr. Rob Solinger reports
KESTREL GOLD ANNOUNCES FORMATION OF ADVISORY BOARD
Kestrel Gold Inc. has formed an advisory board, consisting of three industry veterans, that will provide counsel to Kestrel's president and the board of directors. Inaugural Advisory Board members include Dr. Gregory Lynch who has a PhD in geology from the University of Alberta along with experience in the mining as well as oil and gas sectors; Bernie Kreft who is a well-known prospector that runs a private prospect generator company active in the Canadian cordillera, and Tim Termuende who has a BSc in geology and is currently the President and CEO of both Taiga Gold Corp and Eagle Plains Resources.
Rob Solinger, Kestrel's president and chief executive officer, stated, "The three Advisory Board members have over 90 years of combined industry experience which will play an important role in helping provide direction and insight to Kestrel as we advance our flagship King Solomon's Dome project and look to broaden Kestrel's exploration footprint via new acquisitions."
Further details relating to the Advisory Board members are provided herein.
Dr. Gregory Lynch
Gregory Lynch is a professional geologist with 35 years experience in the mining and oil and gas industries. Dr Lynch has a PhD (Geology) from the University of Alberta; an MSc (Geology) from Washington State University and completed his BSc at the University of Ottawa. His PhD and MSc theses were on the Keno Hill silver veins in the Yukon and on the Kalzas tungsten deposit in central Yukon. He recently retired from Shell Canada Ltd to spend more time with his family and pursue his passion for exploration of mineral deposits.
Bernie Kreft
Bernie Kreft runs a private prospect generator company specializing in the acquisition, early stage development and divesture of mineral properties within the Canadian Cordillera. He currently owns over 70 distinct mineral projects totalling approximately 58,000 hectares. Current public company partners on his properties include: Kore Mining Ltd, Sitka Gold Corp, Teck Resources Limited, Alianza Minerals Ltd, Taku Gold Corp, Talisker Resources Ltd, Banyan Gold Corp, Strikepoint Gold Inc, Exgen Resources Inc and Generation Mining Limited.
Tim J. Termuende
Tim Termuende is a professional geologist with over 35 years of experience in the mineral exploration industry. Mr Termuende is currently President, CEO and a Director of Eagle Plains Resources Ltd. and Taiga Gold Corp, both publicly-traded companies listed on the TSX Venture Exchange. Since leaving Cominco in the late 1980's, Mr Termuende has worked on exploration projects throughout North and South America and currently oversees a broad range of projects targeting various commodities throughout British Columbia, Saskatchewan, Yukon and Northwest Territories. He has been involved with numerous publicly-traded corporations since 1994.
© 2020 Canjex Publishing Ltd. All rights reserved.
JonnyRBuck12
5 years ago
Kestrel Gold Inc. Announces Grant of Options and Settlement of Debt
2020-07-30 08:50 MT - News Release
CALGARY, AB / ACCESSWIRE / July 30, 2020 / Kestrel Gold Inc. (the "Corporation" or "Kestrel") (TSX-V:KGC) announces that it has granted to directors and an officer of the Corporation options to purchase in the aggregate 2,500,000 Common Shares and to consultants to the Corporation options to purchase in the aggregate 1,150,000 Common Shares at an exercise price of $0.05 per share, which options will expire July 28, 2025.
In addition, the Corporation has entered into a debt settlement agreement to settle management fees in the amount of $35,000 by the issuance of 1,000,000 Common Shares at deemed price of $0.035 per Common Share.
About Kestrel Gold Inc.
Kestrel Gold Inc. is a Canadian listed public company with its shares trading on the TSX Venture Exchange under the symbol "KGC". The Company's registered and head office is Suite 208, 110 - 12th Avenue SW, Calgary, Alberta, T2R 0G7.
Kestrel is a resource exploration stage company engaged in the acquisition and exploration of mineral properties.
For further information contact:
Robert Solinger, President and CEO
Phone: (403) 816-2141
rob@solinger.ca
JonnyRBuck12
5 years ago
CEO insider buying:
Recent filings
Filed 2020-07-21 12:33
Tx date 2020-07-17 $KGC
Kestrel Gold Inc. solinger, rob
4 - Director of Issuer, 5 - Senior Officer of Issuer
Direct Ownership
Common Shares
10 - Acquisition or disposition in the public market $10,000
+400,000 vol
$0.025 each 2,765,333
Older filings
Filed 2020-03-25 21:07
Tx date 2020-03-20 $KGC
Kestrel Gold Inc. solinger, rob
4 - Director of Issuer, 5 - Senior Officer of Issuer
Direct Ownership
Common Shares
10 - Acquisition or disposition in the public market $1,060
+53,000 vol
$0.02 each 2,365,333
Filed 2020-03-13 12:48
Tx date 2020-03-12 $KGC
Kestrel Gold Inc. solinger, rob
4 - Director of Issuer, 5 - Senior Officer of Issuer
Direct Ownership
Common Shares
10 - Acquisition or disposition in the public market $1,940
+97,000 vol
$0.02 each 2,312,333
Filed 2020-03-13 12:47
Tx date 2020-03-11 $KGC
Kestrel Gold Inc. solinger, rob
4 - Director of Issuer, 5 - Senior Officer of Issuer
Direct Ownership
Common Shares
11 - Acquisition or disposition carried out privately $1,120
+56,000 vol
$0.02 each 2,215,333
Filed 2020-03-13 12:46
Tx date 2020-03-10 $KGC
Kestrel Gold Inc. solinger, rob
4 - Director of Issuer, 5 - Senior Officer of Issuer
Direct Ownership
Common Shares
10 - Acquisition or disposition in the public market $1,980
+99,000 vol
$0.02 each 2,159,333
Filed 2020-03-07 12:34
Tx date 2020-03-05 $KGC
Kestrel Gold Inc. solinger, rob
4 - Director of Issuer, 5 - Senior Officer of Issuer
Direct Ownership
Common Shares
10 - Acquisition or disposition in the public market $400.00
+20,000 vol
$0.02 each 2,060,333
Filed 2020-03-07 12:32
Tx date 2020-03-04 $KGC
Kestrel Gold Inc. solinger, rob
4 - Director of Issuer, 5 - Senior Officer of Issuer
Direct Ownership
Common Shares
10 - Acquisition or disposition in the public market $3,500
+175,000 vol
$0.02 each 2,040,333
Filed 2019-09-05 16:51
Tx date 2019-09-05 $KGC
Kestrel Gold Inc. Solinger, Robert
4 - Director of Issuer, 5 - Senior Officer of Issuer
Direct Ownership
Warrants
16 - Acquisition or disposition under a prospectus exemption
+300,000 vol 1,133,333
Filed 2019-09-05 16:47
Tx date 2019-09-05 $KGC
Kestrel Gold Inc. Solinger, Robert
4 - Director of Issuer, 5 - Senior Officer of Issuer
Direct Ownership
Common Shares
16 - Acquisition or disposition under a prospectus exemption $5,400
+300,000 vol
$0.018 each 1,865,333
Filed 2018-12-10
Tx date 2018-12-07 $KGC
Kestrel Gold Inc. Solinger, Robert
4 - Director of Issuer, 5 - Senior Officer of Issuer
Direct Ownership
Common Shares
10 - Acquisition or disposition in the public market $2,250
+150,000 vol
$0.015 each 1,565,333
Filed 2018-10-02
Tx date 2018-10-02 $KGC
Kestrel Gold Inc. Solinger, Robert
4 - Director of Issuer, 5 - Senior Officer of Issuer
Direct Ownership
Common Shares
10 - Acquisition or disposition in the public market $3,000
+150,000 vol
$0.02 each 1,415,333
Filed 2018-08-17
Tx date 2018-08-17 $KGC
Kestrel Gold Inc. Solinger, Robert
4 - Director of Issuer, 5 - Senior Officer of Issuer
Direct Ownership
Common Shares
10 - Acquisition or disposition in the public market $1,900
+95,000 vol
$0.02 each 1,265,333
Filed 2018-08-13
Tx date 2018-08-10 $KGC
Kestrel Gold Inc. Solinger, Robert
4 - Director of Issuer, 5 - Senior Officer of Issuer
Direct Ownership
Common Shares
10 - Acquisition or disposition in the public market $4,740
+237,000 vol
$0.02 each 1,170,333
JonnyRBuck12
5 years ago
Kestrel Gold Inc. Provides a Corporate and Operational Update
2020-07-21 09:04 MT - News Release
CALGARY, AB / ACCESSWIRE / July 21, 2020 / Kestrel Gold Inc. (the "Corporation") (TSXV:KGC) is pleased to announce the receipt of a YMEP Target Evaluation grant to help support its 2020 exploration program on the King Solomon Dome Project ("KSD"). Kestrel has a Class 3 Land Use Permit in place for KSD, allowing for various exploration activities including soil sampling, trenching and drilling. Preliminary fieldwork will commence prior to the end of July with a view towards defining targets for a drill test program this fall or next summer pending raising additional capital.
Under YMEP the Yukon government provides successful grant applicants with funding to support mineral exploration activities. Kestrel's application included exploration expenditures of $53,779 which will be reimbursed by the Yukon government at a rate of 60% of expenditures to a maximum of $32,267. Fieldwork will consist of prospecting and surface sampling of existing gold and silver soil anomalies with peak values of 4,000 ppb gold and 30.2 g/t silver. Results of this program will help guide a follow up excavator trenching and rock sampling program.
King Solomon Dome
KSD is 100% owned by Kestrel and is located in the Yukon portion of the Tintina Gold Belt, 35 minutes by road south of Dawson City. The target is a high-grade orogenic gold-silver quartz vein system with rock sample values of up to 32 g/t gold and numerous values of greater than 50 g/t silver. Creeks draining from the KSD property have produced significant amounts of placer gold. Readers are encouraged to go to the Company's website "www.kestrelgold.com" for further information on the property.
Marty Huber P. Geo, a qualified person as defined in National Instrument 43-101, has reviewed and approved the technical information contained in this news release.
Forward-Looking Statements
The information and statements in this news release contain certain forward-looking information. This forward-looking information relates to future events or the Corporation's future performance. In particular, this document contains forward-looking information and statements regarding raising additional capital and carrying out preliminary field work. All statements other than statements of historical fact may be forward-looking information. This forward-looking information is subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking information. These assumptions include market acceptance of raising additional capital. As well, as the Corporation's actual results, performance or achievement could differ materially from those expressed in, or implied by, such forward-looking information, and accordingly, no assurances can be given that any of the events anticipated by the forward-looking information will transpire or occur or, if any of them do, what benefits that the Corporation will derive from them. The Company's forward-looking information is expressly qualified in its entirety by this cautionary statement. Except as required by law, the Corporation undertakes no obligation to publicly update or revise any forward-looking information.
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.
For further information contact:
Rob Solinger, President and CEO
Office: (403) 816-2141
Email: rob@solinger.ca
SOURCE: Kestrel Gold Inc.
JonnyRBuck12
5 years ago
KGC.V - Kestrel Gold Inc info:
Price: $0.03
Common Shares: 67.4 million
Recent insider buying: https://ceo.ca/api/sedi?insider=&symbol=KGC&date=&transaction=&amount=&undefined[company_symbol]=KGC
Recent permit for work: https://yukon.ca/sites/yukon.ca/files/emr/emr-ymep-successful-2020_0.pdf
November 2019 Company Presentation: http://www.kestrelgold.com/_resources/kestrel_corporate_presentation.pdf
Long story short, this company has an amazing asset. They own a large mineral claim right in the middle of numerous gold placer deposits in the Yukon. Therefore, they may own the rights to a very large gold deposit which has been supplying millions of ounces to placer work projects right below the claim area.
The balance sheet is squeaky clean and talks with management recently have indicated that they are going to receive grants to explore the area. Upside here can be tremendous if they in fact have the source rock for all those other mining camps.
Level 2 Quote
7 / 415,000 0.025 --- 0.03 8,000 / 1
23 / 2,459,000 0.02 --- 0.035 120,000 / 4
15 / 1,748,000 0.015 --- 0.04 156,000 / 4
8 / 609,000 0.01 --- 0.045 120,000 / 2
7 / 525,000 0.005 --- 0.05 140,000 / 1
Level up your trading with our powerful tools and real-time insights all in one place.
Ask ADVFN Intelligence (AI)
Hot Features
Premium
