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Kelt Exploration Closes Private Placement

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March 26, 2014

Kelt Exploration Ltd. (TO: KEL.TO) completed a brokered private placement offering for CA$113,390,000 in gross proceeds, the company said March 25.

Kelt had issued 9,775,000 common shares at $11.60 each, and also issued 1,530,000 common shares on a flow-through basis at $12.75 each, the company said, noting that this last issuance resulted in gross proceeds of $19, 507,500.

The brokered offering had a syndicate of underwriters led by Peters & Co. Ltd. and including FirstEnergy Capital Corp., RBC Capital Markets, National Bank Financial Inc., CIBC World Markets Inc., GMP Securities ...

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