Kesselrun Resources Announces $1 Million Private Placement Financing

THUNDER BAY, ON, Oct. 3, 2012 /CNW/ - Kesselrun Resources Ltd. (TSXV: KES) (the "Company" or "Kesselrun" or "KES"), formerly Aleeyah Capital Corp., is pleased to announce that it has arranged to offer (the "Offering") up to 2 million units (the "Units") at a price of $0.50 per Unit for gross proceeds of up to $1 million.  Each Unit shall be comprised of one common share (a "Share") and one-half of one share purchase warrant.  Each whole warrant shall be exercisable into an additional Share at a price of $0.75 per Share at any time up to 5:00 pm (Vancouver time) on that day that is two years following the closing of the Offering.  Bayfront Capital Partners Ltd. has agreed to act as lead agent on the Offering.  The Company intends to use the proceeds from the Offering to continue its exploration and commence the drilling program at its Bluffpoint property in Ontario, and for working capital purposes.  The Offering remains subject to approval from the TSX Venture Exchange.
On Behalf of the Board of Directors
KESSELRUN RESOURCES LTD.
Michael Thompson, President, CEO and Director
About Kesselrun Resources Ltd.
Kesselrun Resources is a newly formed Thunder Bay, Ontario-based mineral exploration company focused on growth through property acquisitions and discoveries. Kesselrun's management team possesses strong geological and exploration expertise with particular experience in Northwest Ontario. For more information about Kesselrun Resources, please visit our website at www.kesselrunresources.com.
Forward Looking Statements
This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, including without limitation, the private placement, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "could" or "should" occur. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Factors that may cause the actual results to differ materially from those in forward-looking statements include gold prices, results of exploration and development activities, regulatory changes, defects in title, availability of materials and equipment, timeliness of government approvals, continued availability of capital and financing and general economic, market or business conditions. The Company cautions the foregoing list of important factors is not exhaustive. Investors and others who base themselves on the Company's forward-looking statements should carefully consider the above factors as well as the uncertainties they represent and the risk they entail. The Company believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. Please see the public filings of the Company at www.sedar.com.
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 news release.
SOURCE: Kesselrun Resources Ltd.

Kesselrun Resources Ltd.
Michael Thompson, P.Geo, President & CEO
807.285.3323 
Adam Rabiner, Corporate Communications
604.868.7881 or 1.866.416.7941
information@kesselrunresources.com 

Canada Newswire

October 3, 2012 - 1:36 PM EDT