Kitrinor Metals Inc. To Trade On TSX Venture Exchange
The Company's Prospectus dated August 24, 2012 has been filed with and accepted
by TSX Venture Exchange and the Ontario Security Commission, effective August
24, 2012, pursuant to the provisions of the Ontario Securities Acts. The common
shares of the Company will be listed and admitted to trading on TSX Venture
Exchange, on the effective dates stated below.
The gross proceeds to be received by the Company for the Offering are
$685,649.30 as a result of 2,000,000 Units at a price of $0.25 per unit and
518,831 Flow-through Units at a price of $0.30 per Flow-through unit. Each Unit
and Flow-through Unit is comprised of one common share and one-half of one
common share purchase warrant. Each whole common share purchase warrant
entitles the holder to purchase one common share at a price of $0.40 per common
share for a period of 24 months following the closing of the offering. The
Company is classified as a 'Mineral Exploration' company.
Listing Date:At the close of business (5:01 p.m. EDT) on Tuesday, November 13,
Commence Date:The common shares will commence trading on TSX Venture Exchange
on Wednesday, November 14, 2012, upon confirmation of closing.
The closing of the public offering is scheduled to occur after the market
opening on Wednesday, November 14, 2012, therefore trading will be HALTED at
the opening, pending confirmation of closing. A further notice will be issued
upon receipt of closing confirmation.
Capitalization:Unlimitedcommon shares with no par value of which
23,806,382common shares are issued and outstanding
Escrowed Shares:7,187,314common shares
Transfer Agent:Equity Financial Trust Company
Agent:PI Financial Corp.
Agent's Options:201,506 non-transferable Agent Warrants. Each Agent Warrant is
exercisable to acquire one common share at a price of $0.25 per Agent Warrant
for a period of 24 months from the closing date.
50,000 non-transferable Corporate Finance units. Each Corporate Finance unit
will consist of one common share and one-half of one common share purchase with
each whole Corporate Finance Warrant exercisable to acquire one Common Share at
a price of $0.40 per warrant for a period of 24 months from the closing date.
For further information, please refer to the Company's Prospectus dated August
Company Contact:Patrick Mohan
Company Address:130 Adelaide Street West, Suite 1010
Toronto, Ontario M5H 3P5
Company Phone Number:(416) 366 - 9192