C$2.03 million greenshoe fully exercised; offering led by RBC Capital
By Devika Patel
Knoxville, Tenn., Oct. 11 - Kaminak Gold Corp. said it settled a C$12.03 million private placement of stock. The deal priced for C$10 million with a 15% greenshoe on Sept. 17.
The company sold 4.81 million flow-through common shares at C$2.50 per share. Of the shares, 500,000 were part of the fully exercised greenshoe. The price per share is a 9.65% premium to the Sept. 14 closing share price of C$2.28.
RBC Capital Markets was the lead agent of a syndicate which included Canaccord Genuity Corp., Fraser Mackenzie Ltd., Mackie Research Capital Corp., Paradigm Capital Inc. and Raymond James Ltd.
Proceeds will be used for exploration of the company's Coffee project.
Vancouver, B.C.-based Kaminak is a gold, uranium and nickel exploration company.
| Issuer: | Kaminak Gold Corp.
|
| Issue: | Flow-through common shares
|
| Amount: | C$12,025,000 (including C$2,025,000 greenshoe)
|
| Shares: | 4.81 million
|
| Price: | C$2.50
|
| Warrants: | No
|
| Agents: | RBC Capital Markets (lead), Canaccord Genuity Corp., Fraser Mackenzie Ltd., Mackie Research Capital Corp., Paradigm Capital Inc. and Raymond James Ltd.
|
| Pricing date: | Sept. 17
|
| Settlement date: | Oct. 11
|
| Stock symbol: | TSX Venture: KAM
|
| Stock price: | C$2.28 at close Sept. 14
|
| Market capitalization: | C$161.47 million
|
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