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Kaminak Gold Corp (KMKGF.PK)

KMKGF.PK on OTC Markets Group

2.07USD
19 Jul 2016
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Latest Key Developments (Source: Significant Developments)

Kaminak says acquisition transaction with Goldcorp
Thursday, 12 May 2016 08:30am EDT 

Kaminak Gold Corp : Total consideration offered for Kaminak shares is approximately C$520 million. . Deal for C$520 million . Under arrangement, each common share of Kaminak will be exchanged for 0.10896 common shares of Goldcorp . Exchange ratio represents a value of c$2.62 per share based upon closing price of Goldcorp on TSX on may 11, 2016 of c$24.08 . Arrangement has been unanimously approved by boards of directors of Kaminak and Goldcorp . Kaminak announces acquisition transaction with Goldcorp . Board may terminate agreement in favour of unsolicited superior proposal, subject to payment of termination fee of C$20.3 million . Number of Goldcorp shares to be issued under arrangement will be approximately 21.6 million . Kaminak's financial advisor is BMO Capital Markets and its legal advisors are Blake, Cassels & Graydon LLP .Kaminak announces acquisition transaction with Goldcorp.  Full Article

Goldcorp announces acquisition of Kaminak Gold Corp
Thursday, 12 May 2016 08:30am EDT 

Goldcorp Inc : Kaminak has agreed not to solicit alternative deals and, in certain circumstances, to pay Goldcorp a termination fee equal to c$20.3 million .Goldcorp announces acquisition of Kaminak Gold Corp.  Full Article

Kaminak Gold Corp announces executive management changes
Thursday, 21 Jan 2016 08:30am EST 

Kaminak Gold Corp:Announces executive management changes.Says Zara Boldt appointed as Chief Financial Officer and corporate secretary of the company, effective immediately.Says Boldt replaces jonathan singh as CFO.Most recently,Boldt served as the vice-president, Finance and CFO for stornoway diamond corporation.  Full Article

Kaminak Gold Corporation announces closing of $21 million bought deal private placement
Wednesday, 11 Mar 2015 10:51am EDT 

Kaminak Gold Corporation:Closes bought deal private placement financing which was co-led by Cormark Securities Inc. and Raymond James Ltd.Includes BMO Nesbitt Burns Inc., Canaccord Genuity Corp., National Bank Financial Inc., Beacon Securities Limited, Euro Pacific Canada Inc., Paradigm Capital Inc. and Mackie Research Capital Corporation.Issued 12,223,000 common shares at a price of $0.90 per Common Share and 8,696,000 common shares, at a price of $1.15 per Flow-Through Share, for aggregate gross proceeds to the Company of $21,001,100.Intends to use the net proceeds from the sale of the Common Shares primarily to fund the exploration and development of the Company's Coffee Gold Project located in Yukon, Canada and for general corporate and working capital purposes.Gross proceeds received by the Company from the sale of the Flow-Through Shares will be used to incur Canadian Exploration Expenses that are flow-through mining expenditures.  Full Article

Kaminak Gold Corporation announces C$21 million bought deal private placement
Wednesday, 18 Feb 2015 04:24pm EST 

Kaminak Gold Corporation:Enters into agreement with a syndicate of underwriters co-led by Cormark Securities Inc. and Raymond James Ltd.Pursuant to which the underwriters have agreed to purchase 12,223,000 common shares at a price of $0.90 per Common Share and 8,696,000 flow-through common shares at a price of $1.15 per Flow-Through Share of the Company, on a bought deal private placement basis.Says aggregate gross proceeds to Company of about C$21 mln.Also granted the underwriters an option to purchase up to 15 pct of the number of Common Shares sold pursuant to the Offering, exercisable at any time prior to the Closing Date.Net proceeds from the sale of the Common Shares will be used to fund the exploration and development of the Company's Coffee Gold Project located in Yukon, Canada and for general corporate and working capital purposes.Offering is scheduled to close on or about March 11.  Full Article

Kaminak Gold Corp announces changes fiscal year end
Monday, 24 Nov 2014 08:00am EST 

Kaminak Gold Corp:Says it has determined to change its fiscal year end from Sept. 30 to Dec. 31, effective for the 2014 fiscal year.Says it is making this change for operational and administrative efficiency.Says it anticipates filing unaudited financial statements and the related management's discussion and analysis for the twelve months ended Sept. 30, 2014, on or before Nov. 29, 2014.Says it anticipates filing for the audited financial statements for the 15 months ended Dec. 31, 2014 is due on or before April 30, 2015.  Full Article

Goldcorp to buy Kaminak Gold for C$520 million

Goldcorp Inc said it would buy Kaminak Gold Corp for about C$520 million ($406 million), giving it the Coffee gold project south of Dawson City, Yukon.

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