By Sheri Kasprzak
New York, Jan. 23 - Kodiak Energy, Inc. said it has completed a private placement for $1.4 million.
The company sold 933,334 shares at $1.50 each to a group of European investors.
Separately, Kodiak said it has begun drilling programs in southeastern Alberta and the initial phase of its 135,000-acre project in Montana.
Based in Calgary, Alta., Kodiak is an oil and natural gas exploration company.
| Issuer: | Kodiak Energy, Inc.
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| Issue: | Stock
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| Amount: | $1.4 million
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| Shares: | 933,334
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| Price: | $1.50
|
| Warrants: | No
|
| Settlement date: | Jan. 23
|
| Stock symbol: | OTCBB: KDKN
|
| Stock price: | $1.90 at close Jan. 23
|
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