CALGARY, ALBERTA–(Marketwired – May 18, 2017) – Mr. Kevin Nephin, President and CEO of Kestrel Gold Inc. (the “Corporation” or “Kestrel“) (TSX VENTURE:KGC) announces that it proposes to offer by way of a non-brokered private placement up to 6,000,000 units (“Units“) at a price of $0.10 per Unit to raise gross proceeds of up to $600,000 (the “Offering“). Each Unit is to consist of one common share and one common share purchase warrant (“Warrant“), with each Warrant entitling the holder to acquire, for a period of 24 months from the date of issue, one common share at an exercise price of $0.15 per common share. Finders’ fees will be payable in cash in the amount of 8% of gross proceeds and finder’s warrants equal to 8% of units sold to subscribers introduced by the finder.
