LITHIUM CHILE IDENTIFIES 60KM2 HIGH-PRIORITY TARGET AREA AT HELADOS, CHILE, PREPS FOR IMMINENT DRILL PROGRAM

LITHIUM CHILE IDENTIFIES 60KM2 HIGH-PRIORITY TARGET AREA AT HELADOS, CHILE,

PREPS FOR IMMINENT DRILL PROGRAM

TSX Venture Exchange: “LITH”

CALGARY, ALBERTA, February 28, 2018 – Lithium Chile Inc. (“Lithium Chile” or the “Company”) is pleased to announce that it has identified a 60+ square kilometre (km2) lithium brine target area at its Helados project in Chile.  The open-ended, low resistivity zone was discovered by Transient Electromagnetic surveys (TEM) within the northwest trending axis of the Salar Tara-Laguna Helada basin. Importantly, this area displays the same characteristics as the lithium-rich principal aquifers at Salar de Atacama, home to the world’s largest and highest-grade lithium brine mine. The Company is currently prepping for an initial drill program at Helados, expected to commence March, 2018. Read more

LITHIUM CHILE EXPANDS HELADOS LITHIUM BRINE PROPERTY TO 22,700 HECTARES – COUNTRYWIDE LITHIUM LAND PACKAGE AT 140,100 HECTARES NOW LARGEST HOLDINGS OUTSIDE OF GOVERNMENT

LITHIUM CHILE EXPANDS HELADOS LITHIUM BRINE PROPERTY TO 22,700 HECTARES – COUNTRYWIDE LITHIUM LAND PACKAGE AT 140,100 HECTARES NOW LARGEST HOLDINGS OUTSIDE OF GOVERNMENT

TSX Venture Exchange: “LITH”

CALGARY, ALBERTA, February 6, 2018 – Lithium Chile Inc. (“Lithium Chile” or the “Company”) is pleased to announce that it has acquired an additional 5900 hectares at its Helados lithium brine property (map attached), where near-surface brine samples have assayed up to 1280 mg/L lithium (see news release dated Jan 23rd, 2017). Near-surface brine sample lithium assays from this newly acquired block range up to 760 mg/L and further highlight the 20+ kilometre (km) lithium enrichment trend along the Salar Tara – Laguna Helada Basin axis. The Helados property now comprises a total of 22,700 hectares. A geophysical work program is underway at the property, with drilling expected to commence in March. Read more

Lithium Chile To Spin Out Chilean Copper Gold Assets and Complete $4,000,000 Private Placement

LITHIUM CHILE TO SPIN OUT CHILEAN COPPER GOLD ASSETS AND COMPLETE $4,000,000 PRIVATE PLACEMENT

TSX Venture Exchange: “LITH”

CALGARY, ALBERTA, January 30, 2018 – Lithium Chile Inc. (“Lithium Chile” or the “Corporation”) is pleased to provide an update on the proposed spin out of its Chilean copper gold assets and the arranging of a $4,000,000 private placement.

The Corporation anticipates using existing working capital to complete the previously announced “spin-out” of its Chilean Copper/Gold/Silver property portfolio (the “Spin-Out Transaction”) into a stand-alone, publicly listed, company to be named Kairos Metals Corporation (“Kairos Metals”), as announced December 19, 2017.  The effective date for the Spin-Out Transaction is expected to be approximately five days after a meeting of the Corporation’s shareholders has been held to approve the arrangement and will result in a shareholder of Lithium Chile owning an equal pro rata percentage of Kairos Metals on an issued and outstanding basis.  The Corporation expects to provide its shareholders with further information on this exciting development within the next two weeks, once the terms of the Spin-Out Transaction have been determined. Read more

Kairos Capital Name Change to Lithium Chile (TSX-V:LITH)

TSX Venture Exchange: “KRS” FOR IMMEDIATE RELEASE

Kairos Capital Name Change to Lithium Chile (TSX-V:LITH)

• Name changed and trading symbol change to occur December 20, 2017;
• Lithium Chile 100% focused on lithium, exploring potential spin out of copper-gold property portfolio

CALGARY, ALBERTA, December 19, 2017 – Kairos Capital Corporation (“Kairos” or the “Company”) is pleased to announce that its shareholders approved a name change to “Lithium Chile Inc.” at the Company’s annual meeting held on December 11, 2017. The name change has been implemented and effective at the market opening on December 20, 2017 the Company’s common shares will trade under the new symbol “LITH”.

In addition, to further reflect the Company’s specialization in lithium the Board of Directors is exploring a potential “spin out” of the Company’s significant copper-gold property portfolio into a separate company to be owned by the shareholders of the Company. The intent of such an arrangement is to leave the Company 100% focused on its significant lithium property portfolio with the newly formed company 100% focused on the significant copper/gold property portfolio. Further details of a “spin out” transaction will be announced if and when the structure and timing of such a transaction is finalized.

The Company is also pleased to highlight the fact that Sebastian Pinera – Chile’s centre-right presidential candidate – was elected on Sunday, December 17, 2017, to a four-year term as President of Chile. The Company considers this to be a very positive change for the mining industry in Chile.

News Highlights

  • Name Change: The Company filed amendments to its articles changing its name to Lithium Chile Inc.
  • Trading Symbol Change: Commencing with the market opening on Wednesday, December 20, 2017, the common shares of Lithium Chile Inc. will trade on the TSX Venture Exchange under the new symbol of “LITH”. Copper-Gold Asset Spin Out: The Board of Directors has approved investigating the split of Kairos’ two distinct property portfolios via a potential spin out of the Company’s considerable copper-gold property portfolio into a separate public company with its own dedicated management team. The new company is expected to be owned by Kairos shareholders as at the record date of the spin out. Such a transaction, if completed, will enable Kairos shareholders to benefit from exploration and development efforts on both the lithium property portfolio and the copper-gold property portfolio that currently reside within Kairos.
    New Pro-mining Chilean President: The Chilean people have elected Sebastian Pinera – the centre-right, pro-mining candidate – to a four-year term as president.
  • Steve Cochrane, President and CEO of Kairos commented, “Changing the Company’s name to Lithium Chile Inc. (TSX-V:LITH) better reflects the focus we are placing on our impressive and highly-prospective portfolio of lithium projects in Chile. As we also have an exciting copper-gold property portfolio, the Board of Directors has approved exploring the potential spin out of those copper-gold assets into a separate company, delivering the best value for our shareholders. It is the board’s and management’s opinion that these distinct and highly prospective property portfolios in copper and gold on the one hand and lithium on the other would be better exploited in their own distinct vehicles with their own distinct and focused management teams. We are also delighted by the recent election of Sebastian Pinera as President of Chile, who is a very strong supporter of the mining sector in Chile.”

About Kairos Capital (TSX-V:KRS)
Kairos Capital is advancing a lithium property portfolio consisting of 134,200 hectares on fifteen salars in Chile. The Kairos properties include 56 square kilometres on the Salar de Atacama which hosts the world’s highest concentration lithium brine production plants and is currently the source of about 30% of the world’s lithium production. Sampling conducted by Kairos to date has yielded Lithium assay results from surface and near surface brines of up to 1410 mg/l, 1330 and 1280 mg/l on 3 of its 15 properties – concentrations that approach the production grades from the Salar de Atacama (see Kairos Press Releases dated January 23 2017 and December 6 2017).

Kairos also owns a significant copper/gold/silver property portfolio consisting of 266 square kilometers over 6 different properties located in Chile. Kairos has been conducting preliminary exploration work which included surface sampling, geological mapping, geochemistry and IP geophysical surveys as well as recent drilling on one of these properties.

Until December 20, 2017, Kairos’s common shares are listed on the TSX Venture Exchange under the symbol “KRS”.

Technical Information
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43- 101 and reviewed on behalf of the Company by Terence Walker, P. Geo. Chief Geologist and Vice President of Exploration for Kairos, a qualified person.

Reader Advisory
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press
release.

Forward Looking Statements
This news release may contain certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects”, “believes”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur. In particular, this news release contains forward-looking statements relating to, among other things, exploring the potential spin out of the Company’s copper-gold assets, management of the Company’s views regarding its properties and the ability of the Company to conduct exploration on its properties.

You are cautioned that the following list of material factors and assumptions is not exhaustive. Specific material factors and assumptions include, but are not limited to: the general stability of the economic and political environment in which the Company operates; the timely receipt of required regulatory approvals; the ability of the Company to obtain future financing on acceptable terms; currency, exchange and interest rates; operating costs; and the success the Company will have in exploring its prospects and the results from such prospects. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements herein, except as required by applicable securities laws. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

For further information contact
Kairos Capital Corporation
#900, 903 – 8th Ave SW
Calgary, Alberta T2P 0P7
587 393 5801
steve@lithiumchile.ca

Kairos Increases Lithium Land Package in Chile by 150%; Nominates Founder of Millennial Lithium to the Board

Additional land includes expansion to one of Kairos’ high-priority lithium brine projects, where near-surface samples have assayed up to 1280 mg/l

TSX Venture Exchange: “KRS”

 

CALGARY, Nov. 27, 2017 /CNW/ – Kairos Capital Corporation (“Kairos” or the “Company“) is pleased to announce that it has increased its lithium project portfolio, from twelve properties totaling 53,600 hectares, to fifteen properties encompassing 134,200 hectares or 1342 km2 – an increase of 150% in land size. The projects are located in Chile – the world’s leading lithium producer and host to world’s largest, high-grade lithium reserves. A total of 4,600 hectares were added to one of the Company’s most prospective, high-priority projects – Salar de Helados – where near-surface samples have assayed up to 1280 mg/l (see news release dated Jan 23rd, 2017). A further 68,100 hectares were staked in the Salar de Pintadas and 7,900 hectares in the Salar de Llamara, located in the costal range of Chile.

The Company has also nominated Mr. Andrew Bowering to the board of directors. Mr. Bowering has over 28 years of experience in the mining sector, including operating in South America since 2007. He has founded and operated successful mineral exploration and development companies worldwide. He is a founder, director and significant shareholder of Millennial Lithium Corp, one of the leading Argentine lithium exploration companies. Millennial Lithium recently gained market attention through a 17% strategic investment by one of the world’s leading clean energy companies.

Mr. Bowering, stated, “I am thrilled to join the team at Kairos and believe strongly that the asset package the Company has assembled is best in class. I look forward to working with management and the board to make Kairos into a success for all stakeholders.”

News Highlights

  • 150% increase in size of lithium project land package in Chile, which is the world’s leading lithium producer and host to world’s largest, high-grade lithium reserves
  • Land package now includes fifteen projects encompassing 134,200 hectares
  • New land has been added to one of the company’s flagship projects (Helados), where near-surface samples have assayed up to 1280 mg/l, and where the company is currently undergoing exploration activity
  • Founder of Millennial Lithium nominated to Kairos Board of Directors
  • All of Kairos’ properties are 100% owned without any encumbrances such as overriding royalties or net smelter royalties or similar.

Steve Cochrane, CEO and President of Kairos Capital, commented, “We are entering a very exciting time for the company. Our technical team has not only increased our Chile Lithium land package by 150%, it is also advancing our exploration programs on our most prospective lithium brine projects, which have near-surface samples assaying up to 1410 mg/l (Coipasa) and 1280 mg/l (Helados).  We have also nominated the former founder of Millennial Lithium – Mr. Andrew Bowering – to the board of directors. Mr. Bowering’s experience in the South American Lithium sector, and his International network, will be an invaluable asset to Kairos going forward.”

Kairos is pleased to confirm that the information circular in respect of the upcoming annual and special meeting of shareholders to be held on December 11, 2017 has been mailed to shareholders and that Mr. Bowering’s nomination has been included therein. The Company also proposes to change its name to Lithium Chile Inc., to better reflect the Company’s business activities.

Kairos also regrets announcing the sudden passing of one of the Company’s directors and corporate secretary, Mr. Douglas Stuve. Doug unexpectedly passed away Wednesday November 22nd. He will be deeply missed by all of us here at Kairos and our thoughts are with his family at this difficult time.

The technical information in this corporate presentation has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43- 101 and reviewed on behalf of the Company by Terence Walker, P. Geo. Chief Geologist and Vice President of Exploration for Kairos Capital Corporation, a qualified person.

Kairos also announces that its financial results for the third quarter ended September 30, 2017 consisting of the unaudited condensed consolidated interim financial statements and management’s discussion & analysis (“MD&A”) have been filed on SEDAR and can be viewed at www.sedar.com

About Kairos Capital (TSX-V: KRS)
Kairos Capital is advancing a lithium property portfolio consisting of approximately 134,200 hectares on fifteen salars in Chile. The Kairos properties include 56 square kilometres on the Salar de Atacama which hosts the world’s highest lithium concentration and is currently the source of about 30% of the world’s lithium production.  Kairos also owns a significant Copper/Gold/Silver property portfolio consisting of approximately 266 square kilometers over 6 different properties located in Chile. Kairos has been conducting preliminary exploration work which included surface sampling, geological mapping, geochemistry and IP geophysical surveys as well as recent drilling on the properties. Kairos Capital’s common shares are listed on the TSX Exchange under the symbol “KRS”.

Reader Advisory
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Forward Looking Statements
This news release may contain certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects”, “believes”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur. In particular, this news release contains forward-looking statements relating to, among other things, management of the Corporation’s views regarding its properties and the ability of the Corporation to conduct exploration on its properties.

You are cautioned that the following list of material factors and assumptions is not exhaustive. Specific material factors and assumptions include, but are not limited to: the general stability of the economic and political environment in which the Corporation operates; the timely receipt of required regulatory approvals; the ability of the Corporation to obtain future financing on acceptable terms; currency, exchange and interest rates; operating costs; and the success the Corporation will have in exploring its prospects and the results from such prospects. Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation does not undertake to update any forward-looking statements herein, except as required by applicable securities laws. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

SOURCE Kairos Capital Corporation

For further information: Steven Cochrane, President and CEO, Kairos Capital Corporation, #900, 903 – 8th Ave SW, Calgary, Alberta T2P 0P7, (403) 852 7117, steve@lithiumchile.ca or Al Kroontje, Chairman, (403) 607 4009, al@kasten.ca

Kairos Announces Closing of the Second and Final Tranche of its Private Placement

Kairos Announces Closing of the Second and Final Tranche of its Private Placement

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

TSX Venture Exchange: “KRS”

CALGARY, Nov. 15, 2017 /CNW/ – Kairos Capital Corporation (“Kairos” or the “Corporation”) is pleased to announce that it has, subject to TSX Venture Exchange Inc. (the “TSXV“) final approval, closed the second and final tranche of its previously announced non-brokered private placement (the “Private Placement“) of units of the Corporation (“Units“), pursuant to which, Kairos issued an additional 1,246,900 Units for gross proceeds of CDN$573,574 (the “Second Tranche“). Each Unit is comprised of one (1) common share in the capital of the Corporation (a “Common Share“) and one-third (1/3) of one common share purchase warrant of the Corporation (a “Warrant“). Each whole Warrant entitles the holder thereof to purchase one (1) Common Share at a price of $0.69 per share expiring eighteen (18) months from the date of issuance. Including the first tranche which was closed last week, the Private Placement resulted in Kairos issuing an aggregate of 7,610,000 Units for aggregate gross proceeds of CDN$3,500,600.

In connection with the Second Tranche, Kairos has paid finders a cash commission of 7% of the proceeds of the Second Tranche that resulted from such parties efforts, subject to compliance with applicable securities laws. The finders have also been granted broker warrants to purchase 7% of the number of Common Shares sold under the Second Tranche as a result of such parties efforts, which resulted in Kairos issuing an aggregate 86,674 broker warrants. Each broker warrant entitles the holder to purchase one Common Share at a price of CDN$0.46 for a period of one year from the closing of the Second Tranche.

The net proceeds of the Second Tranche and the Private Placement will be used by the Corporation for general working capital and to fund continued development and exploration activities on its Lithium properties in Chile.

Pursuant to applicable securities laws, all securities issued pursuant to the Second Tranche will be subject to a hold period of four months plus one day following the date of issuance of such securities.

Completion of the Second Tranche and the Private Placement is subject to certain conditions, including but not limited to, final approval of TSXV.

About Kairos
Kairos holds a significant Lithium property portfolio involving 11 salars, all located entirely within Chile (the “Lithium Claims”). Preliminary sampling and assaying results from shallow depth over the first 5 of the salars have been received and confirm management’s belief that the Lithium Claims are highly prospective for economic lithium brine accumulations.

Reader Advisory
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Forward Looking Statements
This news release may contain certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects”, “believes”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur. In particular, this news release contains forward-looking statements relating to, among other things: management of the Corporation’s views regarding its existing properties and the Lithium Claims and the ability of the Corporation to explore its existing properties and the Lithium Claims and statements pertaining to the Private Placement, including the Corporation’s ability to obtain necessary approvals from the TSXV.

Various material factors and assumptions are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking statements. Those material factors and assumptions are based on information currently available to the Corporation, including information obtained from third party industry analysts and other third party sources. In some instances, material assumptions and material factors are presented elsewhere in this news release in connection with the forward-looking statements. You are cautioned that the following list of material factors and assumptions is not exhaustive. Specific material factors and assumptions include, but are not limited to: the general stability of the economic and political environment in which the Corporation operates; the timely receipt of required regulatory approvals; the ability of the Corporation to obtain future financing on acceptable terms; currency, exchange and interest rates; operating costs; and the success the Corporation will have in exploring its prospects and the results from such prospects. Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation does not undertake to update any forward-looking statements herein, except as required by applicable securities laws. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

SOURCE Kairos Capital Corporation

View original content: http://www.newswire.ca/en/releases/archive/November2017/15/c2729.html

%SEDAR: 00030645E

For further information: Steven Cochrane, President &CEO, Kairos Capital Corporation, #900, 903 – 8th Street SW, Calgary, Alberta, T2P 0P7, (587) 393-5801 or via email: steve@lithiumchile.ca; or: Robert Gillies, CFO, (403) 829-8639 or via e mail: robertlgillies@gmail.com

CO: Kairos Capital Corporation

CNW 19:29e 15-NOV-17

Kairos Announces Closing of the First Tranche of its Private Placement

Kairos Announces Closing of the First Tranche of its Private Placement

TSX Venture Exchange: “KRS”

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

CALGARY, Nov. 9, 2017 /CNW/ – Kairos Capital Corporation (“Kairos” or the “Corporation”) is pleased to announce that it has, subject to TSX Venture Exchange Inc. (the “TSXV”) final approval, closed the first tranche of its previously announced non-brokered private placement (the “Private Placement”) of units of the Corporation (“Units”) pursuant to which Kairos issued an aggregate of 6,363,100 Units for gross proceeds of CDN $2,927,026 (the “First Tranche”). Each Unit is comprised of one (1) common share in the capital of the Corporation (a “Common Share”) and one-third (1/3) of one common share purchase warrant of the Corporation (a “Warrant”). Each whole Warrant entitles the holder thereof to purchase one (1) Common Share at a price of $0.69 per share expiring eighteen (18) months from the date of issuance.

In connection with the First Tranche, Kairos has paid finders a cash commission of 7% of the proceeds of the First Tranche that resulted from such parties efforts, subject to compliance with applicable securities laws. The finders have also been granted broker warrants to purchase 7% of the number of Common Shares sold under the First Tranche as a result of such parties efforts, which resulted in Kairos issuing an aggregate 445,417 broker warrants. Each broker warrant entitles the holder to purchase one Common Share at a price of CDN $0.46 for a period of one year from the closing of the First Tranche.

The net proceeds of the First Tranche and the Private Placement will be used by the Corporation for general working capital and to fund continued development and exploration activities on its Lithium properties in Chile.

Pursuant to applicable securities laws, all securities issued pursuant to the First Tranche will be subject to a hold period of four months plus one day following the date of issuance of such securities.

Completion of the First Tranche and the Private Placement is subject to certain conditions, including but not limited to, final approval of TSXV.

The Private Placement has been fully subscribed and Kairos anticipates closing on the remaining Units available under the Private Placement early next week.

About Kairos
Kairos holds a significant Lithium property portfolio which now consists of approximately 53,600 hectares over 11 salars, all located entirely within Chile (the “Lithium Claims”). Preliminary sampling and assaying results from shallow depth over the first 5 of the salars have been received and confirm management’s belief that the Lithium Claims are highly prospective for economic lithium brine accumulations.

Reader Advisory
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Forward Looking Statements
This news release may contain certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects”, “believes”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur. In particular, this news release contains forward-looking statements relating to, among other things: management of the Corporation’s views regarding its existing properties and the Lithium Claims and the ability of the Corporation to explore its existing properties and the Lithium Claims and statements pertaining to the Private Placement, including the Corporation’s ability to obtain necessary approvals from the TSXV and the closing of the second tranche of the private placement.

Various material factors and assumptions are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking statements. Those material factors and assumptions are based on information currently available to the Corporation, including information obtained from third party industry analysts and other third party sources. In some instances, material assumptions and material factors are presented elsewhere in this news release in connection with the forward-looking statements. You are cautioned that the following list of material factors and assumptions is not exhaustive. Specific material factors and assumptions include, but are not limited to: the general stability of the economic and political environment in which the Corporation operates; the timely receipt of required regulatory approvals; the ability of the Corporation to obtain future financing on acceptable terms; currency, exchange and interest rates; operating costs; and the success the Corporation will have in exploring its prospects and the results from such prospects. Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation does not undertake to update any forward-looking statements herein, except as required by applicable securities laws. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

SOURCE Kairos Capital Corporation

View original content: http://www.newswire.ca/en/releases/archive/November2017/09/c4249.html

%SEDAR: 00030645E

For further information: Steven Cochrane, President & CEO, Kairos Capital Corporation, #900, 903 – 8th Street SW, Calgary, Alberta T2P 0P7, (587) 393-5801 or via email: steve@lithiumchile.ca, or Robert Gillies, CFO, (403) 829-8639 or via e mail: robertlgillies@gmail.com

CO: Kairos Capital Corporation

CNW 08:00e 09-NOV-17

Kairos announces private placement

Kairos announces private placement

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./

TSX Venture Exchange: “KRS”
Private Placement

CALGARY, Oct. 30, 2017 /CNW/ – Kairos Capital Corporation (“Kairos” or the “Corporation”) is pleased to announce that it intends to complete a non-brokered private placement (the “Private Placement”) of a minimum (the “Minimum Offering”) of 2,174,000 units of the Corporation (“Units”) and maximum (the “Maximum Offering”) of 7,610,000 Units, at a price of $0.46 per Unit, for gross proceeds to the Corporation of a minimum of $1,000,040 and a maximum of $3,500,600. Each Unit is comprised of one (1) common share in the capital of the Corporation (a “Common Share”) and one-third (1/3) of one common share purchase warrant of the Corporation (a “Warrant”). Each whole Warrant entitles the holder thereof to purchase one (1) Common Share at a price of $0.69 per share expiring eighteen (18) months from the date of issuance.

The Corporation will use the proceeds from the Private Placement for general working capital and to fund continued development and exploration activities on its Lithium properties in Chile. In the event of the Minimum Offering, the Corporation intends to allocate the entire proceeds towards its development and exploration activities. In the event of the Maximum Offering, the Corporation intends to allocate $3,000,000 to development and exploration activities and $500,600 to general working capital. Although the Corporation intends to use the proceeds of the Private Placement as described herein, the actual allocation of proceeds may vary from the uses set forth above, depending on future operations, capital commitments, additional financing requirements or unforeseen events or opportunities.

The Corporation intends to rely upon in the Private Placement, among other exemptions, the prospectus exemptions available for sales to purchasers advised by investment dealers in the offering jurisdictions of British Columbia, Alberta and Saskatchewan.

The Common Shares and Warrants issued pursuant to the Private Placement will be subject to a four month hold period from the date of closing.

Kairos may engage agents in connection with the Private Placement and in connection therewith may pay a cash commission equal to 7% of the proceeds of the Private Placement. Agents may also receive warrants equal to 7% of the number of Common Shares issued under the Private Placement. Each warrant will entitle the holder to acquire a Common Share for a price of $0.46 for a period of one year. Commission payments and the issuance of warrants remain subject to TSX Venture Exchange (“TSXV”) approval.

The Corporation confirms there is no material fact or material change related to it which has not been generally disclosed.

About Kairos
Kairos holds a significant Lithium property portfolio which now consists of approximately 53,600 hectares over 11 salars, all located entirely within Chile (the “Lithium Claims”). Preliminary sampling and assaying results from shallow depth over the first 5 of the salars have been received and confirm management’s belief that the Lithium Claims are highly prospective for economic lithium brine accumulations.

Reader Advisory
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Forward Looking Statements
This news release may contain certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects”, “believes”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur. In particular, this news release contains forward-looking statements relating to, among other things: management of the Corporation’s views regarding its existing properties and the Lithium Claims and the ability of the Corporation to explore its existing properties and the Lithium Claims and statements pertaining to the Private Placement, including the Corporation’s ability to obtain necessary approvals from the TSXV.

Various material factors and assumptions are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking statements. Those material factors and assumptions are based on information currently available to the Corporation, including information obtained from third party industry analysts and other third party sources. In some instances, material assumptions and material factors are presented elsewhere in this news release in connection with the forward-looking statements. You are cautioned that the following list of material factors and assumptions is not exhaustive. Specific material factors and assumptions include, but are not limited to: the general stability of the economic and political environment in which the Corporation operates; the timely receipt of required regulatory approvals; the ability of the Corporation to obtain future financing on acceptable terms; currency, exchange and interest rates; operating costs; and the success the Corporation will have in exploring its prospects and the results from such prospects. Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation does not undertake to update any forward-looking statements herein, except as required by applicable securities laws. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

KAIROS ANNOUNCES CLOSING OF THE SECOND AND FINAL TRANCHE OF ITS FULLY SUBSCRIBED PRIVATE PLACEMENT

KAIROS ANNOUNCES CLOSING OF THE SECOND AND FINAL TRANCHE OF ITS FULLY SUBSCRIBED PRIVATE PLACEMENT

TSX Venture Exchange: “KRS” Private Placement
FOR IMMEDIATE RELEASE

CALGARY, ALBERTA October 20, 2017 – Kairos Capital Corporation (“Kairos” or the “Corporation”) is pleased to announce that it has, subject to TSX Venture Exchange Inc. (the “TSXV“) final approval, closed the second and final tranche of its previously announced non-brokered private placement (the “Private Placement”) of common shares of the Corporation (“Common Shares”), pursuant to which, Kairos issued an additional 2,122,500 Common Shares for gross proceeds of CDN$849,000 (the “Second Tranche“). Including the first tranche, the Private Placement resulted in Kairos issuing an aggregate of 10,000,000 Common Shares for aggregate gross proceeds of CDN$4,000,000.

In connection with the Second Tranche, Kairos has paid finders a cash commission of 7% of the proceeds of the Second Tranche that resulted from such parties efforts. The finders have also been granted broker warrants to purchase 7% of the number of Common Shares sold under the Second Tranche as a result of such parties efforts, which resulted in Kairos issuing an aggregate 130,515 broker warrants. Each broker warrant entitles the holder to purchase one Common Share at a price of CDN $0.40 for a period of one year from the closing of the Second Tranche. No finders have been compensated in connection with subscriptions by insiders of the Corporation.

The net proceeds of the Second Tranche and the Private Placement will be used by the Corporation for general working capital and to fund continued development and exploration activities on its Lithium properties in Chile.

Pursuant to applicable securities laws, all securities issued pursuant to the Second Tranche will be subject to a hold period of four months plus one day following the date of issuance of such securities.

Completion of the Second Tranche and the Private Placement is subject to certain conditions, including but not limited to, final approval of TSXV.

Kairos also announces that an additional 7,000 broker warrants were issued to an eligible finder pursuant to a subscription for Common Shares that closed in the first tranche of the Private Placement on September 28, 2017.

Related Party Participation in the Private Placement
Steven Cochrane, President and Chief Executive Officer of the Corporation, subscribed for 233,000 Common Shares and Robert Gillies, Chief Financial Officer of the Corporation subscribed for 25,000 Common Shares in the Second Tranche.

As insiders of Kairos participated in this private Placement, it is deemed to be a “related party transaction” as defined under Multilateral Instrument 61-101-Protection of Minority Security Holders in Special Transactions (“MI 61-101“).

Neither the Corporation, nor to the knowledge of the Corporation after reasonable inquiry, a related party, has knowledge of any material information concerning the Corporation or its securities that has not been generally disclosed.

The Private Placement is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 (pursuant to subsections 5.5(c) and 5.7(1)(b)) as it was a distribution of securities for cash and neither the fair market value of the Common Shares distributed to, nor the consideration received from, interested parties exceeded $2,500,000. The material change report in connection with the Private Placement was not filed 21 days in advance of the closing of the Second Tranche for the purposes of Section 5.2(2) of MI 61-101 on the basis that the subscriptions under the Second Tranche were not available to the Corporation until shortly before the closing.

About Kairos
Kairos holds a significant Lithium property portfolio which now consists of approximately 53,600 hectares over 11 salars, all located entirely within Chile (the “Lithium Claims”). Preliminary sampling and assaying results from s hallow depth over the first 5 of the salars have been received and confirm management’s belief that the Lithium Claims are highly prospective for economic lithium brine accumulations.

Reader Advisory
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Not for distribution to U.S. news wire services or dissemination in the United States

 

Forward Looking Statements
This news release may contain certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects”, “believes”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur. In particular, this news release contains forward-looking statements relating to, among other things: management of the Corporation’s views regarding its existing properties and the Lithium Claims and the ability of the Corporation to explore its existing properties and the Lithium Claims and statements pertaining to the Private Placement, including the Corporation’s ability to obtain necessary approvals from the TSXV

Various material factors and assumptions are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking statements. Those material factors and assumptions are based on information currently available to the Corporation, including information obtained from third party industry analysts and other third party sources. In some instances, material assumptions and material factors are presented elsewhere in this news release in connection with the forward-looking statements. You are cautioned that the following list of material factors and assumptions is not exhaustive. Specific material factors and assumptions include, but are not limited to: the general stability of the economic and political environment in which the Corporation operates; the timely receipt of required regulatory approvals; the ability of the Corporation to obtain future financing on acceptable terms; currency, exchange and interest rates; operating costs; and the success the Corporation will have in exploring its prospects and the results from such prospects. Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation does not undertake to update any forward-looking statements herein, except as required by applicable securities laws. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

For further information contact
Steven Cochrane
President & CEO
Kairos Capital Corporation
#900, 903 – 8th Street SW
Calgary, Alberta T2P 0P7
(587) 393-5801 or via email: steve@lithiumchile.ca
or:
Robert Gillies, CFO
(403) 829-8639 or via e mail: robertlgillies@gmail.com