Key Developments: Kaminak Gold Corp (KMKGF.PK)

KMKGF.PK on OTC Markets Group

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1 May 2015
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Latest Key Developments (Source: Significant Developments)

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

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

Goldcorp to buy Probe Mines for about $440 million

TORONTO - Goldcorp Inc said on Monday it has agreed to buy Probe Mines Ltd in an all-stock deal that values the metals exploration company at C$526 million ($439 million), in a bid to win control of the Borden Gold project in northern Ontario.

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