By Laura Lutz
Des Moines, Sept. 19 - Kirkland Lake Gold Inc. announced plans for a C$5.13 million private placement of units.
Sprott Asset Management has agreed to buy 450,000 units of one share and one half-share warrant for C$11.40 per unit.
Each whole warrant will be exercisable at C$13.00 for two years.
Kirkland is a gold exploration company based in Kirkland Lake, Ont.
| Issuer: | Kirkland Lake Gold Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$5.13 million
|
| Units: | 450,000
|
| Price: | C$11.40
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$13.00
|
| Investor: | Sprott Asset Management
|
| Announcement date: | Sept. 19
|
| Stock symbol: | Toronto: KGI
|
| Stock price: | C$11.99 at close Sept. 19
|
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