Kensington Energy Ltd. Enters Into Flow-Through Investment Agreement.CALGARY Calgary (kăl`gərē), city (1991 pop. 710,677), S Alta., Canada, at the confluence of the Bow and Elbow rivers. The largest city in Alberta and the fastest-growing major city in Canada, Calgary is a corporate, transportation, and financial , Alberta--(BUSINESS WIRE)--Dec. 19, 1997-- Kensington (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). :KNN KNN Kids News Network KNN Kanda News Network (Japan) KNN Kingdom News Network KNN Kashmir News Network KNN Kurdistan National Network KNN K-Mart News Network KNN K-Nearest Neighbor .A.) (Alberta Stock Exchange:KNN.B.) Kensington Energy Ltd. has entered into a flow-through investment agreement with NCE NCE Networks of Centres of Excellence NCE New Chemical Entity (pharmaceutical research) NCE Normal Curve Equivalent NCE New Civil Engineer (UK Journal) NCE Non-Commercial Educational NCE New Century Energies Resource (97) Limited Partnership under which Kensington will issue 450,000 flow-through Class A shares to the Partnership at $1.65 per share for proceeds of $742,500. Proceeds from this equity issue will be used to fund a portion of Kensington's winter drilling and seismic programs. Kensington is a junior oil and gas exploration, development and production company. Kensington's Class A shares trade on The Alberta Stock Exchange under the symbol KNN.A. The Company currently has 5.0 million Class A shares outstanding. -0- The Alberta Stock Exchange has neither approved or disapproved the information contained herein. CONTACT: Kensington Energy Ltd. Kevin McLachlan, 403/262-1701 Ian Collar, 403/262-1701 |
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