By Sheri Kasprzak
Atlanta, April 13 - Kermode Resources Ltd. said it plans to raise up to C$1.5 million in a private placement of stock.
The deal includes up to 6 million shares at C$0.25 each.
Based in Vancouver, B.C., Kermode is a gold exploration company. It plans to use the proceeds for drilling on its Jackson's Arm property in Newfoundland and for working capital.
| Issuer: | Kermode Resources Ltd.
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| Issue: | Stock
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| Amount: | C$1.5 million (maximum)
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| Shares: | 6 million (maximum)
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| Price: | C$0.25
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| Warrants: | No
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| Pricing date: | April 12
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| Stock price: | C$0.25 at close April 12
|
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