Khalkos Exploration Inc.: Closing of a Private Placement for $ 210,200

Khalkos Exploration Inc.: Closing of a Private Placement for $ 210,200
  
 

MONTREAL, QUEBEC--(Marketwired - May 28, 2014) - KHALKOS EXPLORATION INC. (TSX-VENTURE:KAS) completed the closing of a private placement for a total of $ 210,200 including $ 77,200 raised through the issuance of common share units and $ 133,000 came from flow-through shares. An officer and two directors of Khalkos participated in the placement for an amount of $ 55,000. Following this placement, the Company has 29,607,663 common shares issued and outstanding.

Khalkos issued 1,662,500 flow-through common shares at $ 0.08 per share and 1,286,667 common shares units at $ 0.06 per share comprising one common share and half of Khalkos warrant at an exercise price of $ 0.12. In total, 2,949,164 shares and 643,333 warrants were issued. Each warrant entitles the holder thereof to purchase one common share during the twelve months following the closing date. The securities issued are subject to a hold period of four months and one day.

Finder's fees of $ 11,300 were paid. The private placement has received conditional approval from the TSX Venture Exchange.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Robert Gagnon, President(819) 860-2621(514) [e-mail] Kong, B.B.A.[phone](514) [e-mail]