Key Developments: Kaminak Gold Corp (KMKGF.PK)

KMKGF.PK on OTC Markets Group

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10 Sep 2014
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Latest Key Developments (Source: Significant Developments)

Kaminak Gold Corp announces closing of $13.52 million private placement
Tuesday, 22 Jul 2014 02:02pm EDT 

Kaminak Gold Corp:Closes private placement financing with Ross Beaty and Zebra Holdings and Investments S.a.r.l., Luxembourg announced on July 14, 2014.Company issued 16,900,000 units at price of $0.80 per Unit, for gross proceeds of $13,520,000.Each Unit consists of one common share of company and one-half of one common share purchase warrant.Each Warrant entitles the holder thereof to purchase one Common Share at a price equal to $1.20 for period of 12 months following closing.Company intends to use net proceeds of Offering for continued exploration and development of company's Coffee Gold Project in Yukon, Canada.  Full Article

Kaminak Gold Corp closes $11.5 million bought deal private placement
Thursday, 27 Mar 2014 12:44pm EDT 

Kaminak Gold Corp:Has closed the bought deal private placement financing announced on March 10.The company issued 14,025,400 units at a price of C$0.82 per unit, for gross proceeds of C$11,500,828.Each unit consists of one common share of the company and one-half of one common share purchase warrant.Each Warrant entitles the holder thereof to purchase one common share at a price of C$1.20 for a period of 12 months following closing.  Full Article

Kaminak Gold Corporation announces $10 mln bought deal private placement
Monday, 10 Mar 2014 08:12am EDT 

Kaminak Gold Corporation:Enters into agreement with syndicate of underwriters led by Cormark Securities Inc. and including BMO Nesbitt Burns Inc., Raymond James Ltd., and RBC Capital Markets.Pursuant to which underwriters have agreed to purchase 12,196,000 units on bought deal private placement basis at price of $0.82 per unit.For gross proceeds of about $10 mln.Each unit shall consist of one common share and one-half of one common share purchase warrant.Each whole warrant will entitle the holder thereof to purchase one Common Share at a price equal to $1.20 for a period of 12 months following closing.Offering is scheduled to close on or before March 27.Intends to use net proceeds of the offering primarily for continued exploration and development of the company's Coffee Gold Project in Yukon, Canada and for general working capital purposes.  Full Article

Kaminak Gold Corp Announces Closing Of $2.8 Million Bought Deal Private Placement
Tuesday, 24 Sep 2013 12:41pm EDT 

Kaminak Gold Corp announced that the Company has closed the bought deal private placement financing announced on September 5, 2013 and that the over-allotment option was fully exercised. The Company issued 3,047,500 Class A common shares, which qualify as flow-through shares for purposes of the Income Tax Act (Canada) (the Shares) at a price of C$0.95 per Share for aggregate gross proceeds of CAD2,895,125. The proceeds of the Offering will be used by the Company to conduct exploration work on its Canadian properties.  Full Article

Kaminak Gold Corp Announces $2.5 Million Bought Deal Private Placement
Thursday, 5 Sep 2013 04:24pm EDT 

Kaminak Gold Corp announced to sell by way of private placement on a "bought" deal basis, $2.5 million of flow-through shares at an issue price of $0.95 per flow-through share (the Offering). The underwriters will have an over-allotment option, exercisable at any time prior to the closing date, to acquire up to an additional number of flow-through shares equal to 15% of the number of flow-through shares sold pursuant to the Offering, at the issue price per flow-through share. The Company intends to use the net proceeds of the Offering to fund exploration of the Company's gold properties and for general working capital purposes. The Company has appointed Raymond James Ltd. to lead a syndicate of underwriters, which includes RBC Dominion Securities Inc., Beacon Securities Limited, Canaccord Genuity Corp., Cormark Securities Inc. and Mackie Research Capital Corporation,  Full Article

Kaminak Gold Corp Announces Closing of $5 Million Bought Deal Private Placement
Tuesday, 9 Jul 2013 11:48am EDT 

Kaminak Gold Corp announced that the Company has closed the bought deal private placement financing (the Offering) announced on June 18, 2013. The Company issued 5,437,748 common shares, which qualify as flow-through shares for purposes of the Income Tax Act (Canada) (the Shares) at a price of CAD0.95 per Share for aggregate gross proceeds of CAD5,165,860.60. The proceeds of the Offering will be used by the Company to conduct exploration work on its Canadian properties. The Offering was led by RBC Dominion Securities Inc. and included Canaccord Genuity Corp., Cormark Securities Inc., Raymond James Ltd., Beacon Securities Limited and Mackie Research Capital Corporation (collectively the Underwriters). In connection with the Offering, the Underwriters received a cash commission on the sale of the Shares, representing 6% of the aggregate gross proceeds raised. The Shares issued under the Offering are subject to a hold period which will expire four months and one day from the date of closing, being November 10, 2013.  Full Article

Kaminak Gold Corp Announces Increase Of Previously Announced Bought Deal Private Placement Of Flow-through Common Shares To $5 Million
Tuesday, 18 Jun 2013 10:12am EDT 

Kaminak Gold Corp announced that it has entered into a private placement financing agreement with a syndicate of underwriters led by RBC Capital Markets to increase the size of its previously announced private placement offering under the same terms and conditions as the initial offering. Kaminak will now issue 5,250,000 Flow-Through Common Shares at a price of $0.95 per Flow-Through Share on a 'bought deal' basis for gross proceeds of $4,987,500. The Company has also granted the Underwriters an option to acquire up to an additional 15% of the Offering, exercisable at the Issue Price at any time up to 48 hours prior to Closing. The gross proceeds of the Flow-Through Shares will be used by the Company to incur Canadian exploration expenses prior to December 31, 2014 on Kaminak's Canadian properties.  Full Article

Kaminak Gold Corp Announces $4 Million Bought Deal Private Placement
Tuesday, 18 Jun 2013 07:42am EDT 

Kaminak Gold Corp announced that it has entered into a private placement financing agreement with a syndicate of underwriters led by RBC Capital Markets (collectively the "Underwriters") to purchase 4,210,000 flow-through common shares at $0.95 per Flow-Through Share of the Company for aggregate gross proceeds of $4.0 million. The Company has also granted the Underwriters an option to acquire up to an additional 15% of the offering. The gross proceeds of the flow-through shares will be used by the Company to incur Canadian exploration expenses prior to December 31, 2014 on Kaminak's Canadian properties. The Company will renounce the Qualifying Expenditures to subscribers of the Flow-Through Shares for the fiscal year ended December 31, 2013. The offering is expected on or about July 9, 2013. All shares issued pursuant to the offering will be subject to a statutory four-month hold period in accordance with Canadian securities legislation.  Full Article

Kaminak Gold Corp Announces Appointment Of President And Chief Executive Officer
Wednesday, 6 Feb 2013 04:21pm EST 

Kaminak Gold Corp announced that as part of the Company's transition from exploration towards resource development, Eira Thomas will join the Board of Directors immediately and on March 1, 2013 will succeed Rob Carpenter as President and Chief Executive Officer. Also joining the Board of Directors are Richard J. (Ritch) Hall and Bradley J. (Brad) Blacketor. In addition, Garth Kirkham has also stepped down from the Board of Directors. Messrs Carpenter and Kirkham have been appointed to the Company's Advisory Board where they will continue to add value and be actively involved with the Company as the Coffee Gold Project is advanced.  Full Article

Kaminak Gold Corp Announces Closing Of $12 Million Bought Deal Private Placement
Thursday, 11 Oct 2012 10:13am EDT 

Kaminak Gold Corp announced that the Company has closed the bought deal private placement financing (the Offering) announced on September 17th, 2012 and that the over-allotment option was fully exercised. The Company issued 4,810,000 Class A common shares, which qualify as flow-through shares for purposes of the Income Tax Act (Canada) (the Shares) at a price of CAD2.50 per Share for aggregate gross proceeds of CAD12,025,000. The Company intends to use the gross proceeds of the Offering to conduct exploration activities on its Coffee project located in the White Gold District, Yukon. The Offering was led by RBC Capital Markets and included Canaccord Genuity Corp., Fraser Mackenzie Limited, Mackie Research Capital Corporation, Paradigm Capital Inc. and Raymond James Ltd. (collectively the Underwriters). In connection with the Offering, the Underwriters received a cash commission on the sale of the shares, representing 6% of the aggregate gross proceeds raised, and brokers warrants (Broker Warrants) equal to 3% of the Offering. Each Broker Warrant shall be exercisable for one common share of the Company at a price of CAD2.50 at any time up to 24 months after closing. The Shares issued under the Offering are subject to a hold period which will expire four months and one day from the date of closing, being February 12th, 2013  Full Article

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