Khalkos Exploration Inc.: Closing of a Private Placement and Sale of the Pontax-Lithium Property Completed
13.12.2013 | Marketwire
MONTREAL, 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.
Contact
Khalkos Exploration Inc.
Robert Gagnon, President
rgagnon@khalkos.com
(819) 860-2621
Peter Kong, B.B.A.
pkong@khalkos.com
(514) 750-9026
(514) 510-7964 (FAX)
www.khalkos.com