Deal has a 15% greenshoe; Raymond James will be the lead underwriter
By Devika Patel
Knoxville, Tenn., Sept. 5 - Kaminak Gold Corp. said it arranged a C$2.5 million private placement of stock. The deal has a 15% greenshoe.
The company will sell flow-through common shares at C$0.95 per share on a bought-deal basis. The price per share is a 5.56% premium to the Sept. 4 closing share price of C$0.90.
The deal will be conducted by a syndicate of underwriters led by Raymond James Ltd. and including RBC Dominion Securities Inc., Beacon Securities Ltd., Canaccord Genuity Corp., Cormark Securities Inc. and Mackie Research Capital Corp.
Settlement is expected Sept. 24.
Proceeds will be used for exploration and general working capital purposes.
Vancouver, B.C.-based Kaminak is a gold, uranium and nickel exploration company.
| Issuer: | Kaminak Gold Corp.
|
| Issue: | Flow-through common shares
|
| Amount: | C$2.5 million
|
| Greenshoe: | 15%
|
| Price: | C$0.95
|
| Warrants: | No
|
| Underwriters: | Raymond James Ltd. (lead), RBC Dominion Securities Inc., Beacon Securities Ltd., Canaccord Genuity Corp., Cormark Securities Inc. and Mackie Research Capital Corp.
|
| Pricing date: | Sept. 5
|
| Settlement date: | Sept. 24
|
| Stock symbol: | TSX Venture: KAM
|
| Stock price: | C$0.90 at close Sept. 4
|
| Market capitalization: | C$74.6 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
