Kanosak Closes a Private Placement of Flow-Through Shares

MONTREAL, Dec. 21, 2012 /CNW Telbec/ - Kanosak Capital Venture Corporation (TSXV: KKV.P) (the "Corporation" or "Kanosak") is pleased to announce that it has completed a non-brokered private placement of 669,084 flow-through common shares at a price of $0.30 each, for total proceeds of $200,725.30. These common shares were issued under applicable prospectus exemptions and will be subject to a statutory hold period of four months and one day from closing.

The proceeds of this private placement, which is subject to the approval of the TSX Venture Exchange, will be used to explore Kanosak's Yasinksi Lake property.

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

SOURCE: Kanosak Capital Venture Corporation

For further information:

Kanosak Capital Venture Corporation 
François Ruel
President, Chief Executive Officer and Director
(514) 242-5952
(514) 504 9657 (fax)

Profil de l'entreprise

Kanosak Capital Venture Corporation

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