New Issue: Kermode Capital secures C$4.12 million via private placement of stock

By Devika Patel

Knoxville, Tenn., June 23 - Kermode Capital Ltd. said it raised C$4.12 million in a private placement of stock.

The company sold 6,880,731 flow-through common shares at C$0.30 each. It also sold 8,225,140 common shares at C$0.25 per share. Each share came with a half-share warrant. The whole warrants are exercisable at C$0.50 for one year.

Proceeds will be used primarily to explore and develop the Mooseland Gold property.

The company also said it acquired all of the outstanding shares of NSGold Corp. from shareholders in exchange for 11 million Kermode common shares, at a deemed price of C$0.25 per share.

The capital pool company is based in Victoria, B.C.

Issuer:	Kermode Capital Ltd.
Issue:	Flow-through common shares, common shares
Amount:	C$4,120,504
Warrants:	One half-share warrant per share
Warrant expiration:	One year
Warrant strike price:	C$0.50
Settlement date:	June 22
Stock symbol:	TSX Venture: KER.P
Stock price:	C$0.08 at close June 22
Flow-through shares
Amount:	C$2,064,219
Shares:	6,880,731
Price:	C$0.30
Shares
Amount:	C$2,056,285
Shares:	8,225,140
Price:	C$0.25

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