Tue, June 16, 2009
Mon, June 15, 2009
Sun, June 14, 2009
Fri, June 12, 2009
Thu, June 11, 2009
Wed, June 10, 2009
Tue, June 9, 2009
Mon, June 8, 2009
Fri, June 5, 2009
Thu, June 4, 2009
Wed, June 3, 2009
Tue, June 2, 2009
Mon, June 1, 2009
Sun, May 31, 2009
Fri, May 29, 2009
Thu, May 28, 2009
Wed, May 27, 2009
Tue, May 26, 2009
Mon, May 25, 2009
Fri, May 22, 2009
Thu, May 21, 2009
Wed, May 20, 2009
Tue, May 19, 2009
Mon, May 18, 2009
Fri, May 15, 2009
Thu, May 14, 2009
Wed, May 13, 2009
Tue, May 12, 2009
Mon, May 11, 2009
Fri, May 8, 2009
Thu, May 7, 2009
Wed, May 6, 2009
Thu, April 16, 2009
Wed, April 15, 2009
Tue, April 14, 2009
Mon, April 13, 2009
Thu, April 9, 2009
Wed, April 8, 2009
Tue, April 7, 2009
Mon, April 6, 2009
Fri, April 3, 2009
Thu, April 2, 2009
Wed, April 1, 2009
Tue, March 31, 2009
Mon, March 30, 2009
Fri, March 27, 2009
Thu, March 26, 2009

Kinbauri Gold Corp.: Kinbauri Announces Proposed Closing of Private Placement


//stocks-investing.news-articles.net/content/200 .. unces-proposed-closing-of-private-placement.html
Published in Stocks and Investing on Thursday, May 21st 2009 at 8:17 GMT, Last Modified on 2009-11-02 12:05:17 by Market Wire   Print publication without navigation


OTTAWA, ONTARIO--(Marketwire - May 21, 2009) - Kinbauri Gold Corp. ("Kinbauri") (TSX VENTURE:KNB)(FRANKFURT:3KG.DE) announces that further to its press release dated May 14, 2009, it intends to close its previously announced private placement transaction on May 22, 2009. Kinbauri intends to issue up to 6,000,000 Units at a price of $0.50 per Unit for gross proceeds of $3,000,000. Each Unit will consist of one common share and one-half of a common share purchase warrant. Each whole warrant entitles the holder to purchase one common share at a price of $0.70 for a period of 12 months from the date of issuance. The securities will be subject to a four month hold period from the date of the closing. Kinbauri will pay finder's fees to parties that referred subscribers to the Company, consisting of 6% of the funds raised and compensation warrants equal to 6% of the Units purchased. Each compensation warrant entitles the holder to acquire one Unit at a price $0.50 per Unit for a period of up to 12 months from the date of issuance. The proceeds of this financing will be used for general working capital purposes.

About Kinbauri:

Kinbauri is a TSXV - Tier 1 Mineral Exploration Company focused on the development of precious metal prospects in Spain, Nevada and Canada. Its immediate focus is to begin operations at its El Valle/Carles property in Asturias, northwestern Spain in 2010. It currently has 53,243,051 common shares issued and outstanding.

This press release contains certain forward-looking statements, which are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected. Kinbauri undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

VISIT:

Kinbauri Gold's Hub at [ http://www.agoracom.com/IR/kinbauri ] where investors can post questions and receive answers or review questions and answers already posted by other investors. Kinbauri Web-Site: [ www.kinbauri-gold.com ]

THIS PRESS RELEASE WAS PREPARED BY KINBAURI GOLD CORP. THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.



Publication Contributing Sources

Similar Stocks and Investing Publications