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December 5, 2005
$765,000 NON-BROKERED PRIVATE PLACEMENT COMPLETED Kettle River Resources Ltd. (the “Company”) announces it has closed the $765,000 non-brokered private placement announced October 27, 2005 having received TSX Venture Exchange acceptance on December 1, 2005, Submission No. 109008. This issuance of 1,576,000 shares will result in fully diluted share capital of 12,811,611.
Warrants to purchasers for 1,530,000 common shares at 75 cents will expire December 4, 2006. The shares, and any shares issued upon exercise of the non transferable warrants are subject to a four month plus one day hold period and may not be traded in British Columbia until April 6, 2006, except as permitted by the Securities Act and the Rules made thereunder and the TSX Venture Exchange.
Finders' fees are payable in units as follows: 20,000 to Haywood Securities, 12,000 to Bolder Investment Partners Ltd., 8,000 to Canaccord Capital Corporation, and 6,000 to Raymond James Ltd. Each Finders’ fee unit consist of one common share with one warrant to purchase one common share at $0.75 for a period of 12 months expiring on December 4, 2006.
ON BEHALF OF THE BOARD
Ellen C. Clements, President
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