Calgary, Alberta (FSCwire) - Kestrel Gold Inc. (the “Corporation” or “Kestrel”) (TSX-V: KGC) announces that, further to its press release issued January 30, 2018 in relation to the Corporation’s proposed non-brokered private placement, the Corporation has increased its offering to up to 10,000,000 units (“Units”) at a price of $0.05 per Unit to raise gross proceeds of up to $500,000 (the “Offering”).
Proceeds from the Offering will be used for finders’ fees of up to $40,000, for exploration activities in the amount of $35,000 and up to $425,000,000 for general working capital.
About Kestrel Gold Inc.
Kestrel Gold Inc. holds a 100% interest in the King Solomon’s Dome project and has options to earn a 100% interest in four gold projects totaling approximately 5,700 hectares located within the Yukon portion of the Tintina Gold Belt, as well as four copper-gold projects in British Columbia, Canada, north of the Red-Chris copper-goldmine, totaling approximately 7,200 hectares. Numerous mineralized occurrences exist on these various properties and each has an excellent data base from previous work. Kestrel’s proposed 2018 work programs will focus on further enhancing the value of these projects.
