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Kicking Horse Energy Inc.

09:50 AM EST - Kicking Horse Energy Inc. : Announced that it intends to proceed with a non-brokered private placement of up to: (i) 1,283,334 common shares of the Company to be issued on a "flow-through" basis respecting the expenditure of Canadian exploration expenses pursuant to the provisions of the Income Tax Act (Canada) at an issue price of $3.00 per CEE Flow-Through Share; and (ii) 55,000 common shares of the Company to be issued on a "flow-through" basis respecting the expenditure of Canadian development expenses pursuant to the provisions of the Income Tax Act (Canada) at an issue price of $2.75 per CDE Flow-Through Share, for aggregate gross proceeds of up to approximately $4 million. Kicking Horse Energy Inc. shares V.KCK are trading unchanged at $2.44.