​Kelt Exploration Ltd. completes C$33.4 million private placement of Flow-through common shares

Date closed: 3/16/20153

Value: C$33.4 million

On March 16, 2015, Kelt Exploration Ltd. (Kelt) closed the final tranche of its C$33.4 million non-brokered private placement of common shares, issued on a "flow-through" basis in respect of Canadian development expenses at a price of $8.60 per share (the Private Placement). Proceeds from the Private Placement will be used to partially finance Kelt's drilling and completion expenditures during the remainder of 2015.

Kelt, headquartered in Calgary, Alberta, is a Canada-based oil and gas company.

BLG represented Kelt with a team led by William Guinan that included Louise Lee, Ravi Latour and Jean-Philippe Couture (tax).