Source: Kintavar Exploration Inc.
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  • Kintavar Exploration (KTR) has closed a non-brokered private placement for gross proceeds of $3,290,033
  • The company issued 6,226,297 units at a price of $0.17 per unit and 9,702,447 flow-through shares at a price of $0.23 per share
  • The company has paid a cash finder’s fee of $129,421 and issued 603,486 non-transferable broker warrants
  • Kintavar Exploration is a Canadian mineral exploration company
  • Kintavar Exploration Inc. (KTR) opened trading at C$0.205 per share

Kintavar Exploration (KTR) has closed a non-brokered private placement for gross proceeds of $3,290,033.

The company issued 6,226,297 units at a price of $0.17 per unit and 9,702,447 flow-through shares at a price of $0.23 per share.

Each unit consists of one share and one half of one share purchase warrant. Each whole warrant entitles the holder to acquire one share at a price of $0.23 until November 10, 2023. The offering is subject to the final acceptance of the TSX Venture Exchange.

Kiril Mugerman, President & CEO of Kintavar commented on the success of the capital raise.

“After an exciting summer season full of discoveries at the Wabash project, Kintavar has now secured an important financing to take the project to the next step. In addition to strong support from institutional and existing shareholders, the project has now attracted interest from numerous retail brokers. Everyone is looking for the next major copper discovery and we believe Kintavar has a very special project that could deliver that. The entire Mitchi-Wabash district is only in its early days. This financing gives us a strong sign of support and confidence as we begin the initial drilling program on Wabash and prepare for a very active 2022. The ongoing COP26 summit demonstrates the importance of electrification and reduction of greenhouse gases which requires a substantial amount of copper that is not available today. The world needs new copper discoveries and Kintavar being well financed with cash flow from its local operations, world class infrastructure, local support and geopolitical stability in Quebec is well positioned to be part of the solution.” 

The company has paid a cash finder’s fee of $129,421 and issued 603,486 non-transferable broker warrants.

Kintavar Exploration is a Canadian mineral exploration company engaged in the exploration and development of gold and base metal mineral properties. Its flagship project is the Mitchi – Wabash copper-silver district located 100 km north of the town of Mont-Laurier and 15 km East of the town of Parent in Quebec.

Kintavar Exploration Inc. (KTR) opened trading at C$0.205 per share.

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