Kestrel Gold Inc. announces that it has closed its private placement of 3,875,000 units of the Corporation at a price of $0.08 per Unit, for gross proceeds of $310,000. Each unit consists of one common share and one half of one common share purchase warrant, with each Warrant entitling the holder to acquire one common share, for a period of 24 months from the date of issue, at a price of $0.16 per share for the first
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