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KDKCF / Kodiak Copper inks agreement for ‘bought deal' private placement to raise aggregate gross proceeds of approximately $5M

Kodiak Copper inks agreement for ‘bought deal' private placement to raise aggregate gross proceeds of approximately $5M
Kodiak Copper Corp. (TSX-V:KDK) said it has entered into an agreement with Cormark Securities Inc, as lead underwriter, in connection with a ‘bought deal' private placement under the listed issuer financing exemption, for aggregate gross proceeds of approximately $5 million. The offering consists of: (i) 1,500,000 charity flow-through units that will be issued as part of a charity arrangement, with each Charity FT unit to consist of one common share of the company and one-half of one common share purchase warrant, both of which will qualify as ‘flow-through shares' (within the meaning of subsection 66(15) of the Income Tax Act (Canada)), at a price of $1.32 per Charity FT unit for gross proceeds of $1,980,000; and (ii) 3,700,000 common share hard dollar (HD) units, each of which HD unit will consist of one non-flow-through common share and one-half of one non-flow-through common share purchase warrant at a price of $0.81 per HD unit for gross proceeds of $2,997,000. Read More
Posted: Apr 5 2023, 06:39
Author Name: Proactive Investors
Views: 082948

KDKCF News  

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By Proactive Investors
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