By Sheri Kasprzak
New York, June 26 - Kermode Resources Ltd. priced a C$2 million private placement.
The non-brokered deal includes up to 6,451,613 flow-through shares at C$0.31 each offered to MineralFields Group.
Proceeds will be used for exploration on the company's Jackson Arm property in Newfoundland.
Located in Vancouver, B.C., Kermode is a gold exploration company.
| Issuer: | Kermode Resources Ltd.
|
| Issue: | Flow-through shares
|
| Amount: | C$2 million
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| Shares: | 6,451,613
|
| Price: | C$0.31
|
| Warrants: | No
|
| Investor: | MineralFields Group
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| Placement agent: | Non-brokered
|
| Pricing date: | June 26
|
| Stock symbol: | TSX Venture: KLM
|
| Stock price: | C$0.235 at close June 26
|
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