By Laura Lutz
Washington, Dec. 19 - Kodiak Exploration Ltd. arranged a private placement of flow-through shares for C$2.2 million.
The company plans to sell 2,095,238 flow-through shares at C$1.05 per share.
MineralFields Group will invest C$2 million in the placement.
Proceeds will be used for the company's winter work program on its Caribou Lake property in the Northwest Territories.
Kodiak is a mineral exploration company based in Vancouver, B.C.
| Issuer: | Kodiak Exploration Ltd.
|
| Issue: | Flow-through shares
|
| Amount: | C$2.2 million
|
| Shares: | 2,095,238
|
| Price: | C$1.05
|
| Warrants: | No
|
| Investor: | MineralFields Group (for C$2 million)
|
| Pricing date: | Dec. 19
|
| Stock symbol: | TSX Venture: KXL
|
| Stock price: | C$0.84 at close Dec. 19
|
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