Knick's Financing and Drilling East-West Property
Val d'Or, Quebec, Canada / TheNewswire / September 12, 2016 Knick Exploration Inc. ("Knick") is pleased to announce that the company will be closing a flow through financing on or before September 15, 2016. The flow through financing is at $0.05 per common share of Knick Exploration Inc. accompanied with one warrant of the company per common share. The warrant entitles the holder thereof to purchase one common share of the Corporation at a price of $0.08 per Common Share for a period of 12 months following the closing date.
The proceeds from the financing are slated for Knick's anticipated drill program on its East-West gold property this October . Mr. Martin Demers, P. Geo., will be the team leader for the drilling campaign.
The East-West Property
Knick's 100% owned East-West gold property is situated in the Val d'Or mining camp of Quebec Canada. Its adjacent property neighbours along strike are Wesdome Gold Mines Ltd. (TSX: WDO) Kiena Mine and Osisko Mining Inc. (TSX: OSK) Marban Mine. There is no guarantee that similar gold mineralization is present and or will be found on the East-West property.
Knick's press release of September 12, 2016, Knick's East-West Gold Property 2016 Drilling, was presented on some third party websites with errors due to software failing to format the press release correctly. The properly formatted press release remains available on the Knick website at www.knick.ca, under NEWS ROOM.
Gordon N. Henriksen, P. Geo., Vice President of Knick Exploration, is the Company's qualified person as defined by National Instrument 43-101. He has reviewed and approved the contents of this press release.
We seek Safe Harbour.
Forward-Looking Statements
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
This Press Release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties.
FOR MORE INFORMATION, CONTACT:
Jacques Brunelle Gordon N. Henriksen
President & CEO Vice President
Knick Exploration Knick Exploration
819-874-5252 819-874-5252
Cell: 819-856-1387 Cell: 819-210-1406
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