Kestrel Gold Inc. Announces Termination of Val-Jual, Clear Creek and Dease Lake Options

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

CALGARY, AB / ACCESSWIRE / May 7, 2019 / Kestrel Gold Inc. (the "Corporation" or "Kestrel") (TSX-V: KGC) announces that it has returned to Bernie Kreft ("Kreft") the Val-Jual, Clear Creek and Dease Lake properties, being the major properties in which Kestrel has an interest. The Company's remaining mining property is a 100% interest in the King Solomon Dome located in the Yukon Territory. Given its current financial resources, the Corporation was unable to pay Kreft the 2019 annual option payments totalling $140,000 or $80,000, $50,000 and $10,000, respectively.

Kestrel and Kreft will continue to work cooperatively for 45 days to attempt to raise the funds required to make the option payments and fund the exploration work required on the properties.

The Corporation will also search for other assets or a business interested in gaining exposure to the Canadian stock markets.

About Kestrel Gold Inc.

Kestrel Gold Inc. is a Canadian listed public company with its shares trading on the TSX Venture Exchange under the symbol "KGC". The Company's registered and head office is Suite 208, 110 - 12th Avenue SW, Calgary, Alberta, T2R 0G7.

Kestrel is a resource exploration stage company engaged in the acquisition and exploration of mineral properties.

For further information contact:

Robert Solinger, President and CEO
Phone: (403) 816-2141
[email protected]

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.

SOURCE: Kestrel Gold Inc.

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).