Kelt Exploration Ltd. - 2013-03-08
Description
Entered into an agreement for brokered and non-brokered equity financing. The syndicate of underwriters is led by Peters & Co. Ltd., and includes FirstEnergy Capital Corp., RBC Capital Markets, Scotia Capital Inc., CIBC World Markets Inc., Cormark Securities Inc., Dundee Securities Ltd., Macquarie Capital Markets Canada Ltd., National Bank Financial Inc., GMP Securities Inc., and Stifel Nicolaus Canada Inc. Net proceeds will be used to pay down any existing indebtedness and to fund ongoing exploration and development activities, potential asset acquisitions, and for general working capital purposes.