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KLM: TSX-V
$0.01

News

Sep 26, 2003

Non-brokered private placement

Kermode Resources is pleased to announce that in addition to the $750,000 flow-through financing announced September 25, 2003, it has arranged a non-brokered private placement to one placee. The company will issue 545,500 units at a price of $0.275 per unit for gross proceeds to the company of $150,000. A unit consists of one common share and one common share purchase warrant; two warrants are required to purchase one share at an exercise price of $0.35 for a period of two years. A finder's fee is payable

These funds will be used for general working capital purposes


ON BEHALF OF THE BOARD OF DIRECTORS

"D. Neil Briggs"

DIRECTOR