By Devika Patel
Knoxville, Tenn., Oct. 14- Kodiak Energy, Inc. said it will raise up to C$5 million in a private placement of shares.
The company will sell up to C$1 million in common shares.
It also will sell up to C$4 million in flow-through common shares.
Clarus Securities Inc. is the agent.
Clarus also has a greenshoe for up to C$1 million.
Proceeds will be used to fund ongoing exploration activities and for general working capital purposes.
Kodiak Energy is an oil and natural gas exploration company based in Calgary, Alta.
| Issuer: | Kodiak Energy, Inc.
|
| Issue: | Common shares, flow-through common shares
|
| Amount: | C$5 million
|
| Greenshoe: | C$1 million
|
| Warrants: | No
|
| Agent: | Clarus Securities Inc.
|
| Pricing date: | Oct. 14
|
| Stock symbol: | TSX Venture: KDK
|
| Stock price: | C$0.66 at close Oct. 10
|
|
|
| Common stock
|
| Amount: | C$1 million
|
|
|
| Flow-through common stock
|
| Amount: | C$4 million
|
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