Kelt Exploration Ltd. - 2014-03-25

Completed a bought deal private placement offering pursuant to which company issued some 9 million common shares which included overallotment option to purchase around 1 million additional. On a flow-through basis, some one million were offered at $12.75 each. Kelt also completed previously announced nonbrokered private placement to certain insiders of some 1 million shares priced, per flow-through share, at $12.75. Net proceeds will partially finance 2014 capex and general working capital. Syndicate of underwriters led by Peters & Co. Ltd. included FirstEnergy Capital Corp., RBC Capital Markets, National Bank Financial Inc., CIBC World Markets Inc., GMP Securities LP, Scotia Capital Inc., AltaCorp Capital Inc., Dundee Securities Ltd., Cormark Securities Inc. and Macquarie Capital Markets Canada Ltd.