Key Gold Holding Announces Private Placement
April 29 2011 - 5:04PM
Marketwired
Key Gold Holding Inc. (TSX VENTURE: KGH) is pleased to announce a
non-brokered private placement financing consisting of up to
1,500,000 common shares (the "Shares") at a purchase price of $0.20
per Share to raise gross proceeds of up to $300,000 (the "Private
Placement").
The Company expects Insiders will be subscribing for more than
25% of the Private Placement. The Shares issued will be subject to
a hold period of four months and one day.
Proceeds of the Private Placement will be used for working
capital. The Private Placement will be subject to approval by the
TSX Venture Exchange.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the securities in the United
States. The offered securities mentioned in this news release will
not be registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act") and may not be offered or
sold within the United States or to, or for the account or benefit
of U.S. persons except in certain transactions exempt from the
registration requirements of the U.S. Securities Act.
About Key Gold Holding Inc.
Key Gold Holding Inc. is a mineral exploration company that is
mainly focused on the acquisition, exploration and development of
gold and copper properties.
Neither 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 release.
Contacts: Louis Lessard President (418) 781-0272 418 650-4922
(FAX) info@keygoldholding.com www.keygoldholding.com Ansacha
Capital Inc. Jean-Francois Lemay (514) 214-8388
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