Khalkos Exploration Announces Its Intention to Proceed With a Private Placement

MONTREAL, Dec. 07, 2017 (GLOBE NEWSWIRE) -- Khalkos Exploration Inc. (the “Corporation” or “Khalkos”) (TSX VENTURE:KAS) announces that it will proceed, by the end of the year, with a non-brokered private placement for a minimum of $200,000 CAD and a maximum of $250,000 CAD to several accredited individual investors, for a subscription price of $0.10 per unit, subject to the approval of the TSX Venture Exchange and regulatory authorities.

Each unit will consist of one common share at $0.10 per common share and one common share purchase warrant. Each warrant will entitle the holder thereof, during a period of 18 months from the date of issuance of the warrant, to purchase one common share at an exercise price of $0.15 per common share. Each issued common share will have a contractual 4 months and one day holding period.

The financing will be used for working capital purposes and will enable the Corporation to continue its drilling work on the Courville property (see press releases of October 11 and November 29, 2017).

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.

For more information, please contact:

Robert Gagnon, Géo.
President
Phone: (819) 825-2303
rgagnon@khalkos.com

Website: www.khalkos.com
Fax: (514) 510-7964