By Devika Patel
Knoxville, Tenn., Dec. 1 - Kodiak Exploration Ltd. said it will raise C$8 million in a private placement of stock.
The company will sell flow-through shares at C$0.65 per share on a bought-deal basis.
The deal will be conducted by Casimir Capital LP and National Bank Financial Inc. There is a greenshoe for C$2 million.
Proceeds will be used for exploration and development.
Based in Vancouver, B.C., Kodiak is a mineral exploration company focused on gold, base metals and uranium in Canada.
| Issuer: | Kodiak Exploration Ltd.
|
| Issue: | Flow-through shares
|
| Amount: | C$8 million
|
| Greenshoe: | C$2 million
|
| Price: | C$0.65
|
| Warrants: | No
|
| Agents: | Casimir Capital LP and National Bank Financial Inc.
|
| Pricing date: | Dec. 1
|
| Stock symbol: | TSX Venture: KXL
|
| Stock price: | C$0.57 at close Nov. 30
|
| Market capitalization: | C$49.4 million
|
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