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NEWS RELEASE $400,000 NON-BROKERED FLOW-THROUGH PRIVATE PLACEMENT COMPLETED
July 3, 2007 – Kettle River Resources Ltd. (the “Company”) announces that it has completed the Private Placement referenced in News Releases May 14, 2007 and May 23, 2007 having received TSX Venture approval under Submission#126039 on June 13, 2007. Related to this non-brokered financing, the Company has issued 2,000,000 “Flow Through” shares and finder’s fees broker warrants. 175,000 broker warrants, exercisable to purchase one common share of the Company at a price of $0.20 were issued. The warrants will expire June 14, 2008. In addition, $21,000 was paid to finders. All of the $400,000 raised will be used for exploration work on the Company’s 100% owned mineral exploration properties in the Greenwood Area located in southern British Columbia. Linda Caron, M.Sc, P.Eng is the qualified person on this project. A program of detailed prospecting and preliminary rock sampling (310 rock samples) has been completed. This program focused on areas indicating positive gold, copper and zinc from previous geochemical work. We expect results will be received and a report provided on this phase of the program within two weeks. Application for permits to trench and diamond drill have been submitted with confirmation expected shortly. ON BEHALF OF THE BOARD “Signed”
Ellen Clements, |
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