Non-brokered financing offers 1,047,340 shares at C$14.32 per share
By Devika Patel
Knoxville, Tenn., June 21 – Kirkland Lake Gold Inc. said it will raise C$15 million in a non-brokered private placement of stock.
The company will sell 1,047,340 flow-through common shares at C$14.32 apiece, a 30.18% premium to the June 20 closing share price of C$11.00.
Settlement is expected July 7.
Proceeds will be used for exploration.
Kirkland is a gold exploration company based in Kirkland Lake, Ont.
| Issuer: | Kirkland Lake Gold Inc.
|
| Issue: | Flow-through common shares
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| Amount: | C$14,997,909
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| Shares: | 1,047,340x
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| Price: | C$14.32
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| Warrants: | No
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| Underwriters: | Non-brokered
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| Pricing date: | June 21
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| Settlement date: | July 7
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| Stock symbol: | Toronto: KGI
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| Stock price: | C$11.00 at close June 20
|
| Market capitalization: | C$1.22 billion
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