Kermode has arranged a private placement financing for proceeds of $100,000. The company will issue 2,000,000 shares to insiders of the company at a price of $0.05 per share, subject to TSX Venture approval.
The funds will be used for general working capital purposes.
For further details on Kermode please visit our website at www.kermode.com
ON BEHALF OF THE BOARD
"D. Neil Briggs"
Forward-Looking Statements: This Kermode Resources Ltd. news release may contain certain "forward-looking" statements and information relating to Kermode which are based on the beliefs of Kermode management, as well as assumptions made by and information currently available to Kermode management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein.