By Devika Patel
Knoxville, Tenn., Oct. 4 - Kodiak Energy, Inc. said it has closed a second tranche of a previously announced C$13.5 million brokered private placement of common shares.
The company sold 335,000 flow-through shares at C$3.00 apiece, raising C$1.005 million.
Research Capital Corp. was the agent. Kodiak paid Research Capital an 8% cash commission. Research was also given warrants to purchase 26,800 common shares at C$3.00 per share.
All of the shares will have a four-month hold period.
Kodiak Energy is an oil and natural gas exploration company based in Calgary, Alta.
| Issuer: | Kodiak Energy, Inc.
|
| Issue: | Flow-through shares
|
| Amount: | C$1,005,000
|
| Shares: | 335,000
|
| Price: | C$3.00
|
| Warrants: | No
|
| Agent: | Research Capital Corp.
|
| Fees: | 8%, in cash; warrants to purchase 26,800 common shares at C$3.00 apiece
|
| Settlement date: | Oct. 3
|
| Stock symbol: | OTCBB: KDKN
|
| Stock price: | $3.63 at close Oct. 3
|
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