Kria Resources Announces a $1.5 Million Private Placement by Cardero Resource Corp.

Kria Resources Ltd. (TSX VENTURE:KIA) announced a private placement of 15,000,000 units at a price of $0.10 per Unit for gross proceeds of CAD$1,500,000.

The press release is quoted as saying:

In accordance with the terms of the Offering, Cardero Resource Corp. has agreed to purchase all of the Units. Each Unit consists of one common share of the Company and one warrant (a “Warrant”). Each Warrant entitles the holder thereof to acquire one common share at a price of $0.20 for a period of two years following the closing of the Offering.

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