Kaminak Gold to raise C$15 million through private placement of stock

Brokered deal funds Coffee project exploration and corporate purposes

By Devika Patel

Knoxville, Tenn., Oct. 19 - Kaminak Gold Corp. said it arranged a C$15 million private placement of stock.

The company will sell 1,786,000 common shares at C$2.80 per share and 2,985,000 flow-through common shares at C$3.35 per share. The prices per share are a 6.04% discount and a 12.42% premium, respectively, to the Oct. 18 closing share price of C$2.98.

Settlement is expected Nov. 8.

The deal will be conducted by a syndicate of underwriters led by Paradigm Capital Inc. and including Canaccord Genuity Corp., Fraser Mackenzie Ltd., BMO Capital Markets and Raymond James Ltd.

Proceeds will be used for exploration of the Coffee project and for general corporate purposes.

Vancouver, B.C.-based Kaminak is a gold, uranium and nickel exploration company.

Issuer:	Kaminak Gold Corp.
Issue:	Common shares, flow-through common shares
Amount:	C$15,000,550
Warrants:	No
Underwriters:	Paradigm Capital Inc. (lead), Canaccord Genuity Corp., Fraser Mackenzie Ltd., BMO Capital Markets and Raymond James Ltd.
Pricing date:	Oct. 19
Settlement date:	Nov. 8
Stock symbol:	TSX Venture: KAM
Stock price:	C$2.98 at close Oct. 18
Market capitalization:	C$197.87 million
Common shares
Amount:	C$5,000,800
Shares:	1,786,000
Price:	C$2.80
Flow-through shares
Amount:	C$9,999,750
Shares:	2,985,000
Price:	C$3.35

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