Kicking Horse to conduct C$4 million private placement of stock

Two types of shares sold in non-brokered deal at C$3.00, C$2.75 apiece

By Devika Patel

Knoxville, Tenn., Aug. 21 – Kicking Horse Energy Inc. said on Thursday that it plans a C$4 million non-brokered private placement of stock.

The company will sell 1,283,334 CEE flow-through common shares at C$3.00 each and 55,000 CDE flow-through common shares at C$2.75 per share. The prices per share are 22.95% and 12.71% premiums to the Aug. 19 closing share price of C$2.44.

Proceeds will be used for the company’s exploration and development program.

The oil and gas company is based in Calgary, Alta.

Issuer:	Kicking Horse Energy Inc.
Issue:	CEE flow-through common shares, CDE flow-through common shares
Amount:	C$4,001,252
Warrants:	No
Agent:	Non-brokered
Pricing date:	Aug. 20
Stock symbol:	TSX Venture: HDA
Stock price:	C$2.44 at close Aug. 19
Market capitalization:	C$150.33 million
CEE stock
Amount:	C$3,850,002
Shares:	1,283,334
Price:	C$3.00
CDE stock
Amount:	C$151,250
Shares:	55,000
Price:	C$2.75

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