Kingsland Energy Corp. (TSXV:KLE) announced a non-brokered private placement of 342,857 common shares at CAD 0.35 per common share for gross proceeds of CAD 119,999.95 on January 14, 2014. The transaction is subject to TSX Venture Exchange Inc. approval.

On January 17, 2014, Kingsland Energy Corp. closed the transaction. The securities being issued are subject to a hold period until May 18, 2014. Following the closing, the company has 71,657,228 common shares issued and outstanding.