Kent Exploration Inc.

Published : January 07th, 2013

News Release

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December 31, 2012

 

News release                                                                                                    KEX2012-11

 

Kent Exploration Inc Announces Non-Brokered Private Placement, closes first tranche.

 

Kent Exploration Inc. (the "Company" or "Kent") announces that, subject to approval from the TSX-Venture Exchange ("TSX-V") it is conducting an up to 4,000,000 Unit non-brokered private placement at $0.10 per Unit for gross proceeds of up to $400,000, and, subject to filing with the TSX-V, it has closed a first tranche of 1,325,000 Units for gross proceeds of $132,500.

 

Each Unit will consist of one (1) common share and one half of one common share purchase warrant, each whole warrant exercisable into one common share of the Company at $0.15.

 

Funds are to be used for general and administrative purposes, Flagstaff barite project, New Zealand Gold Projects, and potential property transactions.

 

Finder fees may be payable on a portion of the financing according to the policies of the TSX-V.

 

***********************************************************************

 

Kent Exploration Inc is a junior exploration company with interests in the Alexander River, Paparoa and Lyell gold projects in the highly prolific Reefton gold field in New Zealand. It holds approximately 10,000 common shares of Archean Star Resources Inc, which has recently acquired an interest in the Monitor, high grade, copper gold project in the Coeur D'Alene Mining District, and has a 100% interest in a mining lease on the fully permitted Flagstaff Barite Mine.

 

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

 

 

  
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Kent Exploration Inc. | 410-744 West Hastings St. | Vancouver | British Columbia | V6C 1A5 | Canada
Data and Statistics for these countries : Canada | New Zealand | All
Gold and Silver Prices for these countries : Canada | New Zealand | All

Kent Exploration Inc.

EXPLORATION STAGE
CODE : KEX.V
ISIN : CA07278W1095
CUSIP : 490558103
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Kent Expl. is a gold exploration company based in Canada.

Kent Expl. holds various exploration projects in Canada.

Its main exploration properties are ROSEBUD in USA, SILVER HILL, FLAGSTAFF, IVANHOE CREEK and CASAT LAKE in Canada, GNAWEEDA in Australia and LYELL in New Zealand.

Kent Expl. is listed in Canada. Its market capitalisation is CA$ 1.0 millions as of today (US$ 955 625, € 695 408).

Its stock quote reached its lowest recent point on December 24, 2008 at CA$ 0.03, and its highest recent level on January 15, 2010 at CA$ 2.50.

Kent Expl. has 10 121 000 shares outstanding.

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Financings of Kent Exploration Inc.
7/5/2011Closes 1st Tranche of Private Placement for $316,250
4/7/2011Closes 1st Tranche of Private Placement for $421,000
1/16/2008 ANNOUNCES $500,000 PRIVATE PLACEMENT
5/11/2007Private Placement
Project news of Kent Exploration Inc.
12/10/2013EXECUTES OPTION AGREEMENT ON BAYHORSE SILVER MINE
12/10/2013EXECUTES PROPERTY DISPOSAL AGREEMENTCc:
11/7/2013ENTERS INTO LETTER AGREEMENT ON BAYHORSE SILVER MINE
5/28/2013(Flagstaff)notes graphitic occurrences at flagstaff WA project
11/13/2012(Lyell)Applies for NZ Lyell Gold Project Exploration Permit
10/30/2012Reports On Archean Star Acquisition
9/27/2012from Kent Exploration Inc.
9/14/2011Archean Star Resources News Release
7/16/2011Jay Taylor puts a buy recommendation on Kent Exploration
6/14/2011(Lyell)s Lyell Gold Project in New Zealand
6/2/2011(Flagstaff)s Flagstaff Mountain Barite Project
2/9/2009(Reefton Project)Options CanAlaska Reefton Gold Property
7/17/2008(Flagstaff)Mining Permit Application On Flagstaff, Wa, Property
2/6/2008(Flagstaff)Flagstaff, WA Property - Drill Results
1/23/2008(Flagstaff)FLAGSTAFF PROPERTY, WA - PRELIMINARY QEMSCAN ANALYSIS RECEIV...
1/14/2008(Ivanhoe Creek)STAKES ADDITIONAL IVANHOE CREEK PROPERTY
Corporate news of Kent Exploration Inc.
11/22/2013ANNOUNCES NON-BROKERED PRIVATE PLACEMENT, AND COMPLETION OF ...
11/12/2013ANNOUNCES PLAN OF ARRANGEMENT IN CONJUNCTION WITH AGM.
5/13/2013Files Alexander Gold Mine NI-43-101 Report
2/19/2013Clarifies Alexander River Disclosure
1/18/2013News Release
1/7/2013News Release
10/11/2012Announces Record Date for Consolidation
4/18/2012News Release
4/12/2012News Release
3/16/2012Announcement
1/16/2012Video and Cambridge House Invite
1/12/2012Shareholder Update
8/5/2011News Release
4/18/2011News Release
4/13/2011Increases Private Placement to 7.71 Million Units and Closes...
3/24/2011Reports Archean Star Resources (TSX VENTURE:ASP) To Commence...
3/10/2011Commences Alexander River Diamond Drill Program
3/1/2011Archean Star Resources Inc Received Conditional Listing Acce...
11/6/2008Receives First 24 Coal Prospecting Permits
7/29/2008Applies For Additional 37,120 HA Of Coal Disposition Permits
7/15/2008Applies For Additional 43,776 HA Of Coal Disposition Permits
5/14/2008Saskatchewan Coal Permit Applications Made
10/29/2007 Flagstaff Drill Program Commences
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