Kobrea Exploration is pleased to announce that it has closed its previously announced non-brokered private placement, raising gross proceeds of $1,221,000 through the issuance of a combination of hard-dollar units and common shares issued on a flow-through basis pursuant to the Income Tax Act. Under the Private Placement, the Company issued 3,784,000 HDUs at $0.25 per HDU, for gross proceeds of $946,000, and 833,333 FT Shares at $0.33 per FT Share, for gross proceeds of $275,000. Each HDU was composed of one common share of the Company and one-half of one common share purchase warrant , with each Warrant entitling the holder thereof to purchase one Common Share at a price of $0.50 for a period of 24 months from the date of the closing. The company paid finder's fees o...