Val-d'or, Quebec, Canada, October 24, 2013. Knick Exploration Inc. ("Knick") is pleased to announce that it has held a closing of its previously announced private placement by issuing 101 Flow-Through Units at a price of $1,000 per Flow-Through Unit, for proceeds to Knick of $101,000.
Knick will use the proceeds from the placement of Flow-Through Units to incur exploration drilling expenses on its mining properties located in the Province of Quebec.
In relation with this private placement, Knick has not paid any finder's fees or any commission.
All the foregoing securities are subject to a hold period expiring on February 22, 2014.
Following the closing of the private placement, there are a total of 54,350,984 common shares of Knick issued and outstanding.
For more information, please contact:
President and CEO
Tel.: - 819 874-5252
The securities have not been and will not be registered under the United Shares Securities Act of 1933, as amended or any state securities laws. This press release is not for distribution to United-States newswire services or for dissemination in the United-States.
Neither 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 release.
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