Knick Completes Last Closing of Private Placement for an Amount of $179,000

- March 22nd, 2017

Knick Exploration (TSXV:KNX) is pleased to announce the last closing, for an amount of $179,000, of a non-brokered private placement of flow-through units.

Knick Exploration (TSXV:KNX) is pleased to announce the last closing, for an amount of $179,000, of a non-brokered private placement of flow-through units. Together with the closing announced on March 1, 2017, Knick raised an aggregate of $561,000.
The units are offered at a price of $1,000 per unit and each unit is comprised of 3,333 common shares at $0.06 each, 13,333 flow-through common shares at $0.06 each and 3,333 common share purchase warrants (each a “warrant“), each warrant entitling its holder to purchase a common share at a price of $0.08 for a period of 12 months.
In the last closing, a total of 2,983,214 common shares and 596,607 warrants were issued. In connection therewith, Knick paid finders fees of $8,320 and issued 138,661 finder warrants, each finder warrant entitling its holder to purchase a common share at a price of $0.08 for a period of 12 months.
The proceeds of the placement shall be used for exploration work on its properties and for working capital. The securities issued pursuant to the placement, which has received the conditional approval of the TSX Venture Exchange, shall be subject to a 4 month and 1 day hold period.
Following the closing of the private placement, there are currently 120,530,794 common shares of Knick issued and outstanding.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Jacques Brunelle
President & CEO
Office: 819-874-5252
Cell: 819-856-1387
Email: jbknick@gmail.com
Gordon N. Henriksen
Vice-President
Office: 819-874-5252
Cell: 819-210-1406
Email: ghenriksen@gmail.com
Connect with Knick Exploration (TSXV:KNX) to receive an Investor Presentation.

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