Left Field Capital Corp. and Kilroy Metal, Inc. Enter into Definitive Agreement to Complete a Qualifying Transaction and Announce Financing
Left Field Capital Corp. (TSXV: LFC.P) and Kilroy Metal have signed a definitive business combination agreement for the proposed Qualifying Transaction, which would result in a TSXV-listed company named Kilroy Metal Inc. focused on the Crown King Road Project in Arizona.
- Non-brokered private placement of subscription receipts at C$0.45, for minimum gross proceeds of C$5,000,000 and up to C$6,000,000
- Each unit consists of one share and one-half of one warrant; each whole warrant is exercisable at C$0.65 for 24 months
- Proceeds are expected to fund exploration at Crown King Road, property payments and working capital
- Closing of the Proposed Transaction remains subject to TSXV acceptance and other conditions