New Issue: Kria Resources secures C$2.86 million via private placement of stock

By Devika Patel

Knoxville, Tenn., Dec. 21 - Kria Resources Ltd. said it raised C$2.86 million in a non-brokered private placement of stock. The deal priced for C$3 million on Dec. 4.

The company sold 10 million flow-through shares at C$0.20 each. It also sold 4,302,500 common shares at C$0.20 per share.

Proceeds will be used for exploration, development and working capital.

Based in Toronto, Kria explores for minerals.

Issuer:	Kria Resources Ltd.
Issue:	Flow-through shares, common shares
Amount:	C$2,860,500
Price:	C$0.20
Warrants:	No
Agent:	Non-brokered
Pricing date:	Dec. 4
Settlement date:	Dec. 21
Stock symbol:	TSX Venture: KIA
Stock price:	C$0.24 at close Dec. 3
Market capitalization:	C$14.43 million
Flow-through shares
Amount:	C$2 million
Shares:	10 million
Shares
Amount:	C$860,500
Shares:	4,302,500

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