KESSELRUN RESOURCES

11/16/2020 (MT Newswires) -- Kesselrun Resources Ltd. (KES.V) has upsized its previously announced fully marketed private placement from $3 million to $5 million. Under the revised offering, the company will sell a minimum of $2 million in units of the company at $0.22 apiece, with the remaining balance to be comprised of the sale of any combination of units, traditional flow-through common shares (at $0.25 per FT share) and flow-through units sold to charitable flow-through purchasers at $0.305 per FT unit.

The underwriter has been granted an over-allotment option to raise additional gross proceeds of up to $1 million.

The offering is scheduled to close about December 7, 2020.

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