By Devika Patel
Knoxville, Tenn., Dec. 17 - Kodiak Exploration Ltd. said it increased a private placement of stock to C$11.81 million from C$8 million. The deal, which priced Dec. 1, settled on Dec. 16 and the entire C$2 million greenshoe was exercised.
The company sold 21,241,774 flow-through shares at C$0.65 per share.
Casimir Capital LP and National Bank Financial Inc. were the agents.
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$13,807,153 (including C$2 million greenshoe)
|
| Shares: | 21,241,774
|
| 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$43.8 million
|
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