Keon Capital Inc. announced its intention to complete an arm's length private placement of up to 2,000,000 Common shares at $0.25 per share for gross proceeds of $500,000. John Watson will, upon closing of the transactions, resign from the Board of the Company. John McCleery has agreed to accept an appointment to fill the resulting Board vacancy.

Mr. McCleery has been involved in the junior capital markets for over 40 years, primarily in the resource sector. He has served as a director of several reporting issuers and has been a catalyst behind various start-up and early-stage companies.