Kerr Mines Inc.

12:25 PM EST - Kerr Mines Inc. : Has signed a Letter of Intent with Pandion Mine Finance, LLC for $27.6 million U.S. to fund the development and production of gold at the Copperstone Mine by Q4 2019. The financing is subject to the execution of a Prepaid Forward Gold Agreement, with an anticipated initial tranche of $19.6 million U.S. targeted for August 2018 and a second tranche of $8 million U.S. in July 2019. Pandion anticipates signing a Definitive Agreement in August 2018. Kerr Mines Inc. shares T.KER are trading up $0.005 at $0.22.