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Enter Symbol
or Name
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CA



Kenna Resources Corp (2)
Symbol KNA
Shares Issued 5,056,922
Close 2015-09-03 C$ 0.125
Market Cap C$ 632,115
Recent Sedar Documents

Kenna Resources arranges $690,000 private placement

2015-09-04 16:58 ET - News Release

Mr. Tim Fernback reports

KENNA RESOURCES ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UP TO $690,000 AND WARRANT EXTENSION

Kenna Resources Corp. is proposing to conduct a non-brokered private placement of up to six million units for gross proceeds of up to $690,000.

Each unit will be priced at 11.5 cents, and comprise one common share of the company and one-half of one common share purchase warrant. Each warrant will be exercisable to acquire one share at a price of 25 cents for a period of two years. In connection with the private placement, the company proposes to pay cash finders' fees in accordance with TSX Venture Exchange policies and applicable securities legislation.

In addition, the company proposes to extend the term of outstanding share purchase warrants issued in connection with the company's November, 2014, private placement by 12 months. As of the date hereof, no 2014 warrants have been exercised. All of the 2014 warrants were originally exercisable for a period of 24 months from the date of issuance. All other terms of the 2014 warrants will remain unchanged.

The private placement and warrant extension are subject to exchange approval. All securities issued under the private placement will be subject to a four-month hold period from the date of issuance.

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