March 27 (Reuters) - Kraken Sonar Inc PNG.V
* Kraken announces C$2,000,000 private placement
* Kraken Sonar Inc - pursuant to offering, company may issue up to an aggregate of up to 11.1 million units at a price of cdn$0.18 per unit
* Kraken Sonar Inc - intends to use net proceeds of offering for build of additional inventory for customer trials Source text for Eikon: ID:nCCN5ynZD2 Further company coverage: PNG.V