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Enter Symbol
or Name
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Kingsland Energy Corp
Symbol KLE
Shares Issued 73,681,038
Close 2014-11-11 C$ 0.165
Market Cap C$ 12,157,371
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ORIGINAL: Kingsland Energy arranges private placement, loan

2014-11-25 19:36 ET - News Release

Received by email:

File: 11-25-2014 Debenture and PP FINAL.pdf

For immediate release
                                                                             November 25, 2014


                                       NEWS RELEASE

     KINGSLAND ENERGY CORP. ANNOUNCES PROPOSED PRIVATE PLACEMENT
                AND ISSUANCE OF CONVERTIBLE DEBENTURE


Regina, Saskatchewan � Kingsland Energy Corp. (TSX-V:KLE) ("Kingsland") announces that,
conditional upon TSX Venture Exchange Inc. approval, it will issue 1,051,190 common shares
("Common Shares") for a price of $0.18 per Common Share for the gross proceeds of
$189,214.20 ("Private Placement"). The Private Placement is a non-brokered Private
Placement. Currently Kingsland has 73,681,038 common shares issued and outstanding. After
issuance, Kingsland will have 74,732,228 common shares issued and outstanding.
Proceeds of the Private Placement will be used for oil and gas asset acquisition and development.

Kingsland further announces that, conditional upon TSX Venture Exchange Inc. approval, it has
entered into a loan agreement in terms whereof it will borrow $615,000 ("Principle Sum") from
the lender for a period of two years, bearing interest at 3.5%, payable at maturity. The lender
may convert the Principle Sum to common shares of Kingsland at any time prior to maturity at a
price of $0.30 per common shares.
______________________________________________________________________________
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
THE RELEASE.
FOR FURTHER INFORMATION PLEASE CONTACT:
Mark Kilback
Chief Executive Officer
Telephone: (306) 359-3444
Fax: (306) 359-3456
Email: mark@kingslandenergy.com
 


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