C$1.05 million greenshoe fully exercised; deal conducted by Canaccord
By Devika Patel
Knoxville, Tenn., May 31 - Kaminak Gold Corp. said it settled a C$6.3 million private placement of stock. The deal priced for C$5.25 million with a C$1.05 million greenshoe on May 11.
The company sold 3 million flow-through common shares at C$2.10 per share. Of the shares, 500,000 were part of the fully exercised greenshoe. The price per share is a 7.69% premium to the May 10 closing share price of C$1.95.
Canaccord Genuity Corp. was the underwriter.
Proceeds will be used for exploration of the Coffee project and for general working capital.
Vancouver, B.C.-based Kaminak is a gold, uranium and nickel exploration company.
| Issuer: | Kaminak Gold Corp.
|
| Issue: | Flow-through common shares
|
| Amount: | C$6.3 million (including C$1.05 million greenshoe)
|
| Shares: | 3 million
|
| Price: | C$2.10
|
| Warrants: | No
|
| Underwriter: | Canaccord Genuity Corp.
|
| Pricing date: | May 11
|
| Settlement date: | May 31
|
| Stock symbol: | TSX Venture: KAM
|
| Stock price: | C$1.95 at close May 10
|
| Market capitalization: | C$145.64 million
|
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