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14
January 2008
News release
PRIVATE
PLACEMENT
Kent Exploration Inc.
announces a non-brokered private placement of up to 2,500,000 units at a
price of 20 cents per unit.
Each unit will consist
of one common share and one common share purchase warrant. Each warrant
will be exercisable for a period of one year and entitle the holder to
purchase one additional common share in the capital stock of the company at a
price of 30 cents per common share.
The gross proceeds
from the private placement will be used for exploration work on the company's
100-per-cent-optioned Rosebud and Flagstaff properties, and 50% optioned
Ivanhoe Creek property, and for general corporate purposes. Finders'
fees may be payable on a portion of the private placement in accordance with
the policies of the TSX Venture Exchange.
The private placement
will close when the final documentation is accepted for filing by the TSX-V.
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Kent Exploration Inc is a junior
exploration company that has a 100% interest in a mining lease option on a
gold/silver/barite prospect in eastern Washington state, is earning a 100%
interest in the Rosebud property, a gold/silver prospect in northern Arizona,
and has earned a 50% interest in the Ivanhoe Creek property, a Midas-style
target in Nevada�s Carlin Trend.
This News Release has been
prepared on behalf of the Kent Exploration Inc Board of Directors, which
accepts full responsibility for its contents.
ON BEHALF OF THE BOARD
"Graeme O'Neill"
Graeme
O�Neill,
President
The
TSX Venture Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of this news release
Important
Information:
This release includes certain statements
that are "forward-looking statements". All statements in this
release, other than statements of historical facts that address future
exploration, development and production activities, and other circumstances,
events and developments that the Company expects, are forward-looking
statements. Although management believes the expectations expressed in
such forward-looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance, and actual results,
events and developments may differ materially from those in the
forward-looking statements. The occurrence of certain risk factors, the
probability of which is unknown, may also affect actual results, events and
developments expected by the Company.
The TSX Venture Exchange has not reviewed
and does not accept responsibility for the adequacy or accuracy of this
release.
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