TSX Venture

[howestreetbull]

KOK.v raises 1.12 Mln $, that was fast...lol...hsb
Kokanee Minerals Inc
Symbol C : KOK
Shares Issued 18,873,913
Close 2010-10-07 C$ 0.235
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Kokanee completes $1.12-million private placement

2010-10-08 13:12 ET - News Release

KOKANEE'S PRIVATE PLACEMENT FULLY SUBSCRIBED

Kokanee Minerals Inc. has fully subscribed its private placements for the sale of 7,500,000 units raising a total of $1,125,000. Each unit offered at $0.15 per unit consists of one common share of the Company and one non-transferable share purchase warrant, and each share purchase warrant shall have a two year term from the date of issuance for the purchase of one further common share of the Company at the exercise price of $0.20 in the first year and thereafter $0.25 in the second year.

This private placement is subject to approval by the TSX Venture Exchange.