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| Home : Kallisto Announces Flow-Through Share Private Placement and Shareholder Approval of Resolution Permitting Change of Control |
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Jun 27
2014 |
Kallisto Announces Flow-Through Share Private Placement and Shareholder Approval of Resolution Permitting Change of Control |
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CALGARY, ALBERTA--(Marketwired - June 26, 2014) - Kallisto Energy Corp. (TSX VENTURE:KEC) ("Kallisto" or the "Company") announces that it intends apply to the TSX Venture Exchange for approval to complete a non-brokered private placement of up to 14,285,714 Flow Through Common Shares (the "Flow Through Shares") at a price of $0.07 per Flow Through Share for gross proceeds of up to $1,000,000 with a minimum offering of $500,000. It is expected that insiders of the Company will subscribe for up to 25% of the private placement. The gross proceeds from the sale of the Flow Through Shares will be used to fund ongoing development activities eligible for Canadian development expenses ("CDE"), which will be renounced in favour of the subscribers of the Flow Through Shares effective on or before December 31, 2014. |
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| Source:http://www.marketwired.com/mw/release.do?id=1925099&sourceType=3 |
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