17:50:16 EST Thu 01 Dec 2022
Enter Symbol
or Name

Kerr Mines Inc (2)
Symbol KER
Shares Issued 115,985,236
Close 2015-03-03 C$ 0.145
Recent Sedar Documents

Kerr closes $2.5-million first tranche of placement

2015-03-04 16:39 ET - News Release

Mr. Greg Gibson reports


Kerr Mines Inc. has completed the first tranche of a private placement of units for gross proceeds of up to $3.86-million. The company has issued an aggregate of 12.5 million units at a price of 20 cents per unit for total proceeds of $2.5-million. Each unit is composed of one common share and one-half of one common share purchase warrant. Each warrant is exercisable at a price of 30 cents per common share for a period of two years from the date of issuance. The company paid finders' fees equal to 5 per cent of the gross proceeds of the offering. The company intends to close the second tranche of the offering as soon as possible. Proceeds of the offering will be used for general working capital purposes and to satisfy payables.

The securities issued pursuant to the first tranche of the offering are subject to a four-month hold period, expiring on July 5, 2015. Completion of the offering is subject to final acceptance of the Toronto Stock Exchange.

We seek Safe Harbor.

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