01:30 PM EST - Knol Resources Corp. : announced that it has closed the first of two expected tranches of its previously announced non-brokered private placement offering, which first tranche consisted of 47,000,000 units of the Corporation at a purchase price of $0.10 per Unit for total gross proceeds of $4,700,000. Each Unit consisted of one common share in the capital of the Corporation and one non-transferable Common Share purchase warrant of the Corporation. Each Warrant will be exercisable into one Common Share at a price of $0.20 until April 11, 2019, subject to acceleration in certain circumstances. The Corporation expects to close the second tranche of the Offering, consisting of an additional 3,000,000 Units for gross proceeds of $300,000, shortly and will announce the closing thereof once complete. Knol Resources Corp.
shares V.NOL are trading unchanged at $0.12.
