By Sheri Kasprzak
New York, Dec. 5 - Kodiak Oil & Gas Corp. said it intends to raise up to C$8.4 million in a private placement of stock.
The company plans to sell up to 6 million shares at C$1.40 each on a non-brokered basis.
Proceeds will be used for exploratory drilling, development and general corporate purposes.
Based in Denver, Kodiak is an oil and natural gas exploration company.
| Issuer: | Kodiak Oil & Gas Corp.
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| Issue: | Stock
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| Amount: | C$8.4 million (maximum)
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| Shares: | 6 million (maximum)
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| Price: | C$1.40
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| Warrants: | No
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| Placement agent: | Non-brokered
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| Pricing date: | Dec. 5
|
| Stock price: | C$1.41 at close Dec. 5
|
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