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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Knight Metals Ltd. | TSXV:KNP | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
NOT FOR DISSEMINATION INTO THE UNITED STATES OF AMERICA OR DISTRIBUTION TO U.S. NEWSWIRE SERVICES Mr. David Patterson, Chairman of Knight Resources Ltd. (TSX VENTURE:KNP)(FRANKFURT:KRL) reports that the Company has closed a non-brokered private placement in an amount of $567,621. The funds were raised through the issuance of 4,792,357 Quebec flow-through units ("QFT Unit") at a price of $0.115 per QFT Unit and 150,000 flow-through units ("FT Unit") at a price of $0.11 per FT Unit. Each QFT Unit and each FT Unit consists of one common share and one-half of one common share purchase warrant. Of the 4,942,357 shares issued, 3,292,357 shares are subject to a hold period expiring August 21, 2010, and 1,650,000 shares are subject to a hold period expiring August 27, 2010. Of the 2,471,179 warrants issued, 1,646,179 warrants entitle the holder to acquire one common share at a price of $0.15 until April 20, 2011, and at a price of $0.20 until April 20, 2012, and 825,000 warrants entitle the holder to acquire one common share at a price of $0.15 until April 26, 2011, and at a price of $0.20 until April 26, 2012. The Company has agreed to pay aggregate finder's fees totaling $26,503 in connection with the private placement. The funds raised by way of the financing will be used for exploration of the West Raglan Project, located in northern Quebec. ON BEHALF OF THE BOARD OF KNIGHT RESOURCES LTD. David Patterson, Chairman
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1 Month Knight Metals Ltd. Chart |
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