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Kestrel Gold Inc.: Kestrel Gold - Operational & Corporate Update


Kestrel Gold Inc.: Kestrel Gold - Operational & Corporate Update
Exploration Activities
At the Grabben project, a ground based magnetic survey designed to provide detailed coverage of the areas proposed for drilling has been completed. Final deliverables for the survey have been received and were used to help guide drill target selection.
Mobilization of the drill crew and equipment to the Grabben project has begun. Current planning is for eight holes totalling approximately 500 metres, with drilling scheduled to start before the end of May.
Corporate Activities
Kestrel has signed a contract with a Yukon-based drill contractor ensuring access to drilling equipment for the proposed 2021 QCM drill program. Initial planning is for a 10-hole program totalling approximately 2,000 metres designed to assess historical results as well as test for potential strike extensions to the historically targeted area. ....

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Kestrel Gold Inc. Announces Closing of Private Placement


Kestrel Gold Inc. Announces Closing of Private Placement
April 28, 2021 / Kestrel Gold Inc. (the
Corporation ) (TSXV:KGC) announces that it closed its non-brokered private placement of a combination of Common Share Units and Flow-Through Units, as defined below (collectively the
Units ), and raised gross proceeds of $1,200,000.08 (the
Offering ) as follows:
9,560,000 common share units (
Common Share Units ) issued at a price of $0.10 per Common Share Unit for gross proceeds of $956,000. Each Common Share Unit consists of one common share (
Common Share ) and one-half of one common share purchase warrant (each whole warrant called a
Warrant ), with each Warrant entitling the holder to acquire, for a period of 24 months from the date of issue at a price of $0.20 per common share for the first 18 months and at a price of $0.25 per common share thereafter; and ....

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