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

- July 16th, 2010

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.

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.

Click here to access the entire press release

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4 responses to “Kria Resources Announces a $1.5 Million Private Placement by Cardero Resource Corp.

  1. Hello Jason, you must be reading an unedited version of this article; that paragraph was corrected, as was the reference to the US not being a large oil producer; that should have read Syria, and it has also been corrected.

    Regards,
    Andrew Topf, INN Senior Editor

  2. Hello Jason, you must be reading an unedited version of this article; that paragraph was corrected, as was the reference to the US not being a large oil producer; that should have read Syria, and it has also been corrected.

    Regards,
    Andrew Topf, INN Senior Editor

  3. You state the the US is not a top oil producer, better check your facts on that. The US is not an oil exporter but is indeed a top oil producer. Also, you wrote “The reason behind the decline in oil prices comes from the fear that the
    market could see a supply disruption for oil from the Middle East
    should the US lead a military strike against Syria.” However supply disruptions or the fear thereof causes oil prices to increase.

  4. You state the the US is not a top oil producer, better check your facts on that. The US is not an oil exporter but is indeed a top oil producer. Also, you wrote “The reason behind the decline in oil prices comes from the fear that the
    market could see a supply disruption for oil from the Middle East
    should the US lead a military strike against Syria.” However supply disruptions or the fear thereof causes oil prices to increase.

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