Apr 01, 2014
Private Placement; Resignation of Adrian O'Brien as President
Further to Kermode's previous news release, the Company confirms its intention to complete a non-brokered private placement financing for proceeds of $100,000, to be used for general working capital purposes. The Company will issue 2,000,000 shares at a price of $0.05 per share, to insiders and non-insiders. The financing is subject to TSX Venture Exchange final acceptance.
Kermode also announces the resignation of Adrian O'Brien in his capacity as President of the Company; however he will remain a Director of the Board.
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.
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 News Release.