Knick Exploration Completes a Private Placement for an Amount of $50,000
Val-d'Or, September 11, 2017 - Knick Exploration Inc. (TSXV: KNX) ("Knick") is pleased to announce the closing today of its non-brokered private placement of units described in its press releases of July 6, August 1 and August 23, 2017, for an amount of $50,000. In connection therewith, Knick issued 1,000,000 common shares at a price of $0.05 per share, as well as 1,000,000 common share purchase warrants (each a "Warrant"), each Warrant entitling its holder to purchase a common share at a price of $0.08 for a period of 18 months. The President and Chief Executive Officer of Knick participated in the placement for an amount of $12,500.
No finder's fees were paid in connection with the placement. The proceeds of the placement shall be used for working capital. The securities issued pursuant to the placement, which has received the conditional approval of the TSX Venture Exchange, shall be subject to a 4 month and 1 day hold period.
Following the closing of the placement, there are currently 123,480,794 common shares of Knick issued and outstanding.
Knick also announces that it is cancelling the private placement of flow-through shares described in its press releases of July 6, August 1 and August 23, 2017.
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.
FOR MORE INFORMATION, CONTACT:
Jacques Brunelle Gordon N. Henriksen
President & CEO Vice President
Knick Exploration Inc. Knick Exploration Inc.
Val-d'Or, Quebec Val-d'Or, Quebec
819-874-5252 819-874-5252
819-856-1387 819-210-1406
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