Kairos Announces Closing of Chilean Lithium Property Acquisition and Private Placement
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Calgary, Alberta (FSCwire) - Kairos Capital Corporation (“Kairos”) announces that effective December 30, 2016, it closed the previously announced acquisition (the “Acquisition”) of lithium claims in Chile (the “Lithium Claims”).
At closing of the Acquisition, Kairos also completed the private placement (the “Private Placement”) of unsecured non-convertible debentures in the amount of CDN$400,000 (the “Debentures”) with such Debentures having the same terms as previously announced. All of the Debentures were subscribed for by an officer of the Corporation.
The Acquisition and Private Placement have been conditionally approved by the TSX Venture Exchange (the “TSXV”) and remain subject to the final approval of the TSXV. Kairos intends to file for final TSXV approval prior to the end of the upcoming week.
For further information regarding the Acquisition and the Private Placement please see Kairos’ press release dated December 19, 2016.
About Kairos and the Acquisition
Kairos is a Canadian corporation whose common shares are listed for trading on the TSXV (ticker symbol “KRS”). Kairos holds a property portfolio consisting of approximately 26,850 hectares on six separate claim block areas which management believes are prospective for copper/gold deposits. That property portfolio and the newly acquired Lithium Claims are located entirely within Chile. Initial exploration efforts involving sampling and assaying have commenced on the newly acquired Lithium Claims.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Forward Looking Statements
This news release may contain certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively "forward-looking statements"). Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expects", "believes", "aims to", "plans to" or "intends to" or variations of such words and phrases or statements that certain actions, events or results "will" occur. In particular, this news release contains forward-looking statements relating to, among other things: management of the Corporation's views regarding its existing properties and the Lithium Claims and the ability of the Corporation to explore the Lithium Claims and its existing properties.
Various material factors and assumptions are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking statements. Those material factors and assumptions are based on information currently available to the Corporation, including information obtained from third party industry analysts and other third party sources. In some instances, material assumptions and material factors are presented elsewhere in this news release in connection with the forward-looking statements. You are cautioned that the following list of material factors and assumptions is not exhaustive. Specific material factors and assumptions include, but are not limited to: the general stability of the economic and political environment in which the Corporation operates; the timely receipt of required regulatory approvals; the ability of the Corporation to obtain future financing on acceptable terms; currency, exchange and interest rates; operating costs; and the success the Corporation will have in exploring its prospects and the results from such prospects. Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation does not undertake to update any forward-looking statements herein, except as required by applicable securities laws. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
For further information contact
Al Kroontje, President
Kairos Capital Corporation
#900, 903 – 8th Street SW
Calgary, Alberta T2P 0P7
(403) 607-4009; or via e mail: email@example.com
To view this press release as a PDF file, click onto the following link:
Source: Kairos Capital Corporation (TSX Venture:KRS)
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