CALGARY, Alberta, Aug. 21, 2017 (GLOBE NEWSWIRE) -- Kairos Capital Corporation (“Kairos” or the
“Corporation”) is pleased to announce that it intends to complete a non-brokered private placement (the
"Private Placement") of up to 7,500,000 common shares (“Common Shares”) of Kairos at a price of
$0.40 per Common Share for gross proceeds to the Corporation of up to $3,000,000. The Corporation will use the proceeds from
the Private Placement for general working capital and to fund continued development and exploration activities on its Lithium
properties in Chile. The Common Shares issued pursuant to the Private Placement will be subject to a four month hold period
from the date of closing.
Kairos may engage agents in connection with the Private Placement and in connection therewith will pay a cash
commission equal to 7% of the proceeds of the Private Placement. Agents will also receive warrants equal to 7% of the number
of Common Shares issued under the Private Placement. Each warrant will entitle the holder to acquire a Common Share for a
price of $0.40 for a period of one year. Commission payments and the issuance of warrants remain subject to TSX Venture
Exchange (“TSXV”) approval.
About Kairos
Kairos holds a significant Lithium property portfolio which now consists of approximately 53600 hectares over 11
salars, all located entirely within Chile (the “Lithium Claims”). Preliminary sampling and assaying results
from s hallow depth over the first 5 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.
Not for distribution to U.S. news wire services or dissemination in the United States.
Forward Looking Statements
This news release may contain certain forward-looking information and forward-looking statements within the
meaning of applicable securities legislation (collectively "forward-looking statements"). Generally,
forward-looking information can be identified by the use of forward-looking terminology such as "expects", "believes", "aims to",
"plans to" or "intends to" or variations of such words and phrases or statements that certain actions, events or results "will"
occur. In particular, this news release contains forward-looking statements relating to, among other things: management of the
Corporation's views regarding its existing properties and the Lithium Claims and the ability of the Corporation to explore its
existing properties and the Lithium Claims and statements pertaining to the Private Placement, including the Corporation’s ability
to obtain necessary approvals from the TSXV.
Various material factors and assumptions are typically applied in drawing conclusions or making the
forecasts or projections set out in forward-looking statements. Those material factors and assumptions are based on information
currently available to the Corporation, including information obtained from third party industry analysts and other third party
sources. In some instances, material assumptions and material factors are presented elsewhere in this news release in connection
with the forward-looking statements. You are cautioned that the following list of material factors and assumptions is not
exhaustive. Specific material factors and assumptions include, but are not limited to: the general stability of the economic and
political environment in which the Corporation operates; the timely receipt of required regulatory approvals; the ability of the
Corporation to obtain future financing on acceptable terms; currency, exchange and interest rates; operating costs; and the success
the Corporation will have in exploring its prospects and the results from such prospects. Accordingly, readers should not place
undue reliance on forward-looking statements. The Corporation does not undertake to update any forward-looking statements herein,
except as required by applicable securities laws. All forward-looking statements contained in this press release are expressly
qualified by this cautionary statement.
For further information contact
Steven Cochrane
President,CEO
Kairos Capital Corporation
#900, 903 – 8th Street SW
Calgary, Alberta T2P 0P7
(587) 393-5801 or via email: steve@lithiumchile.ca
or:
Robert Gillies, CFO
(403) 829-8639 or via e mail: robertlgillies@gmail.com
