Kairos Announces Completion of Gypsy Swap
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Calgary, Alberta (FSCwire) - Kairos Capital Corporation (“Kairos” or the
“Corporation”) reports that the previously announced (February 16, 2017) gypsy swap (the
“Swap”) of 4,000,000 common shares (“Common Shares”) held by an officer of the Corporation (the
"Insider") has been completed. The Swap was completed at a price of $0.20 per Common Share.
The Insider intends to use the net proceeds from the Swap to participate in the non-brokered private placement (the
"Private Placement") of Common Shares of Kairos which was announced concurrently with the Swap. The issuance of
shares to the Insider pursuant to the Private Placement is considered to be a related party transaction subject to TSX-V Policy
5.9 and Multilateral Instrument 61-101. Kairos intends to rely on exemptions from the formal valuation and minority shareholder
approval requirements provided under section 5.5(a) and 5.7(1)(a) of Multilateral Instrument 61-101 on the basis that
participation in the Private Placement by the Insider will not exceed 25% of the fair market value of the Corporation's market
capitalization.
Kairos expects that the Private Placement will close on or about March 10, 2017.
About Kairos
Kairos holds a significant Lithium property portfolio which now consists of approximately 34,200 hectares over 7 salars, all
located entirely within Chile (the “Lithium Claims”). Preliminary sampling and assaying results from
shallow depth over the first 3 of the salars have been received and confirm management’s belief that the Lithium Claims are
highly prospective for economic lithium brine accumulations.
Reader Advisory
Neither the 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 press release.
For further information contact
Al Kroontje, President
Kairos Capital Corporation
#900, 903 – 8th Street SW
Calgary, Alberta T2P 0P7
(403) 607-4009; or via e mail: al@kasten.ca
or:
Robert Gillies, CFO
(403) 829-8639 or via e mail: robertlgillies@gmail.com
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Kairos02232017.pdf
Source: Kairos Capital Corporation (TSX Venture:KRS)
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