CALGARY, ALBERTA–(Marketwired – April 5, 2017) – Mr. Kevin Nephin, President and CEO of Kestrel Gold Inc. (the “Corporation” or “Kestrel“) (TSX VENTURE:KGC) is pleased to announce that the Corporation has closed its non-brokered private placement (the “Private Placement”) of 16,666,666 units of the Corporation (the “Units”) at a price of $0.03 per Unit, for gross proceeds of $500,000. Each unit consists of one common share (“Common Share”) and one common share purchase warrant (“Warrant”), each Warrant entitling the holder to purchase one common share of the Corporation (the “Warrant Share”) at a price of $0.05 per Warrant Share, at any time until April 3, 2020. The Common Shares and Warrants are subject to a statutory four month hold period, which expires August 5, 2017. Finder’s fees were paid in cash in the amount of 10% of the gross proceeds in relation to some of the Units sold in the Private Placement.
