Kelt Exploration Ltd. - 2016-04-11

Increased the size of its public offering of convertible subordinated unsecured debentures priced at C$1,000 each. Offering is being made through a syndicate of underwriters co-led by Peters & Co. Ltd. and FirstEnergy Capital Corp.; it includes National Bank Financial Inc., Cormark Securities Inc., TD Securities Inc., CIBC World Markets Inc., RBC Capital Markets, GMP Securities LP, Macquarie Capital Markets Canada Ltd., Raymond James Ltd., Scotia Capital Inc., AltaCorp Capital Inc. and BMO Capital Markets. This offer made in conjunction with private placement of C$15 million additional debentures priced at C$1,000 each. Net proceeds will pay credit facilities and support general corporate and working capital purposes. Debentures will mature and be repayable on May 31, 2021. They can convert into common shares.