Deal has 15% greenshoe; RBC Capital Markets will be lead underwriter
By Devika Patel
Knoxville, Tenn., June 18 - Kaminak Gold Corp. said it arranged a private placement of stock. The deal priced for C$4 million on Tuesday and then was increased to C$4.99 million a few hours later. RBC Capital Markets, the lead underwriter, has a 15% greenshoe.
The company will sell 5.25 million flow-through common shares at C$0.95 per share. The price per share is a 6.74% premium to the June 17 closing share price of C$0.89.
Settlement is expected July 9.
Proceeds will be used for exploration.
Vancouver, B.C.-based Kaminak is a gold, uranium and nickel exploration company.
| Issuer: | Kaminak Gold Corp.
|
| Issue: | Flow-through common shares
|
| Amount: | C$4,987,500
|
| Greenshoe: | 15%
|
| Shares: | 5.25 million
|
| Price: | C$0.95
|
| Warrants: | No
|
| Underwriter: | RBC Capital Markets (lead)
|
| Pricing date: | June 18
|
| Upsized: | June 18
|
| Settlement date: | July 9
|
| Stock symbol: | TSX Venture: KAM
|
| Stock price: | C$0.89 at close June 17
|
| Market capitalization: | C$74.58 million
|
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