Brokered deal has 15% greenshoe; deal funds Coffee project exploration
By Devika Patel
Knoxville, Tenn., Feb. 16 - Kaminak Gold Corp. said it arranged a private placement of stock. The deal will raise C$10 million with a 15% greenshoe.
The company will sell 1,667,000 common shares at C$3.00 per share and 1,389,000 flow-through common shares at C$3.60 per share. The prices per share are a 5.36% discount and a 13.57% premium to the Feb. 15 closing share price of C$3.17.
Settlement is expected March 3.
The deal will be conducted by a syndicate of underwriters co-led by Paradigm Capital Inc. and Canaccord Genuity Corp. and including Fraser Mackenzie 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$10,001,400
|
| Greenshoe: | 15%
|
| Warrants: | No
|
| Agents: | Paradigm Capital Inc. and Canaccord Genuity Corp. (co-leads), Fraser Mackenzie Ltd.
|
| Pricing date: | Feb. 16
|
| Settlement date: | March 3
|
| Stock symbol: | TSX Venture: KAM
|
| Stock price: | C$3.17 at close Feb. 15
|
| Market capitalization: | C$202.09 million
|
|
|
| Common shares
|
| Amount: | C$5,001,000
|
| Shares: | 1,667,000
|
| Price: | C$3.00
|
|
|
| Flow-through shares
|
| Amount: | C$5,000,400
|
| Shares: | 1,389,000
|
| Price: | C$3.60
|
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