Key Developments: Kaminak Gold Corp (KMKGF.PK)
0.80USD
17 May 2013
$-0.07 (-7.70%)
$0.87
$0.89
$0.89
$0.80
30,916
35,794
$2.48
$0.75
Latest Key Developments (Source: Significant Developments)
Kaminak Gold Corp Announces Appointment Of President And Chief Executive Officer
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
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
Kaminak Gold Corp Announces $10 Million Bought Deal Private Placement
Kaminak Gold Corp announced that it has entered into a private placement financing agreement with a syndicate of underwriters led by RBC Capital Markets and including Canaccord Genuity Corp., Fraser Mackenzie Ltd., Mackie Research Capital Corporation, Paradigm Capital Inc. and Raymond James Ltd. to purchase flow-through common shares at $2.50 per Flow-Through Share of the Company for aggregate gross proceeds of $10.0 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 Common Shares will be used by the Company to incur Canadian exploration expenses prior to December 31, 2013 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, 2012. Full Article
Kaminak Gold Corp Completes $6 Million Bought Deal Private Placement
Kaminak Gold Corp announced that it has closed the bought deal private placement financing announced on May 11, 2012 and that the over-allotment option was fully exercised. The Company has issued 3,000,000 Class A common shares, which qualify as 'flow-through' shares for purposes of the Income Tax Act at a price of CAD2.10 per Share for aggregate gross proceeds of CAD6,300,000. The Company intends to use the gross proceeds of the Offering to conduct exploration activities, including adding a fifth drill, on its Coffee project located in the White Gold District, Yukon. The Offering was led by Canaccord Genuity Corp., who received a cash commission on the sale of the Shares, representing 6% of the aggregate gross proceeds raised, and broker warrants equal to 5% of the Offering. Each Broker Warrant shall be exercisable for one common share of the Company at a price of CAD2.10 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 October , 2012. The Offering is subject to receipt of all regulatory approvals. Full Article
Kaminak Gold Corp Announces $5 Million Bought Deal Private Placement
Kaminak Gold Corp announced that it has entered into an agreement with Canaccord Genuity Corp. (the Underwriter), to sell 2,500,000 flow-through common shares (the Flow-Through Shares) at a price of $2.10 for aggregate gross proceeds of $5,250,000 (the Offering). In addition, the Company will grant the Underwriter an over-allotment option, exercisable prior to the closing of the Offering, to purchase from the Company up to an additional 500,000 Flow-Through Shares issued through the Offering, at the same price as is applicable to the Offering. The Company intends to use the net proceeds of the Offering to conduct exploration activities on its Coffee project located in the White Gold District, Yukon, and for general working capital purposes. Closing of the Offering is anticipated to occur on or before May 31, 2012. Full Article
Kaminak Gold Corp Announces Bought Deal Private Placement
Kaminak Gold Corp announced that it has entered into an agreement with Canaccord Genuity Corp. (the Underwriter), to sell 2,500,000 flow-through common shares at a price of $2.10 for aggregate gross proceeds of $5,250,000. In addition, the Company will grant the Underwriter an over-allotment option, exercisable prior to the closing of the Offering, to purchase from the Company up to an additional 500,000 Flow-Through Shares issued through the Offering, at the same price as is applicable to the Offering. The Underwriter will receive a cash commission on the sale of the shares, representing 6% of the aggregate gross proceeds raised, including brokers warrants equal to 5% of the Offering. Each Broker Warrant shall be exercisable for one common share of the Company at a price of CAD2.10 at any time up to 24 months after closing. The Company intends to use the net proceeds of the Offering to conduct exploration activities on its Coffee project located in the White Gold District, Yukon, and for general working capital purposes Closing of the Offering is anticipated to occur on or before May 31, 2012. Securities issued under the Offering and through the over-allotment option will be subject to a four month hold period which will expire four months from the date of closing. Full Article
Kaminak Gold Corporation Begins Coffee Drill Program
Kaminak Gold Corporation announced drilling has commenced on the Coffee Gold Project, Yukon Territory. A fully funded program consisting of a minimum of 50,000 metres from four drills is intended to lead to a maiden National Instrument 43-101 compliant inferred resource on the Coffee property. Drilling will focus on defining gold resources within high-grade and well oxidized mineralized zones within the Supremo-Latte-Double Double area. New gold-in-soil targets including the Sugar trend will also receive significant drill testing. Full Article
Kaminak Gold Corporation Options Michigan Potash Inc.'s Properties
Kaminak Gold Corporation announced that an option agreement has been signed with Michigan Potash Inc. (MPI) on Kaminak's potash assets located in central Michigan of the United States. The agreement unlocks the value of these assets and allows Kaminak to continue to focus 100% of its efforts on exploring and advancing the Company's core asset, the Coffee Gold Project, Yukon Territory. This is the first of several anticipated transactions to come that will unlock the value of other Kaminak assets for the Company's shareholders. Kaminak's potash assets include subsurface mineral rights and surface rights to public and private potash leases within the Michigan Basin and regional potash database. Full Article
Kaminak Gold Corporation Announces Closing of $15 Million Bought Deal Private Placement
Kaminak Gold Corporation announced that it has closed the previously announced bought deal private placement financing (Offering). The Company has issued 1,786,000 Class A common shares (Common Shares) at a price of CAD2.80 per Common Share and 2,985,000 Class A common shares which qualify as "flow-through" shares for purposes of the Income Tax Act (Canada) (Flow-Through Shares) at a price of CAD3.35 per Flow-Through Share for aggregate gross proceeds of CAD15,000,550. The Common Shares and Flow-Through Shares are collectively referred to herein as the "Offered Securities". The Company intends to use the net proceeds of the Offering to conduct exploration activities on its Coffee project located in the White Gold District, Yukon, and for general corporate purposes. The Offering was led by Paradigm Capital Inc. and included Canaccord Genuity Corp., Fraser Mackenzie Limited, BMO Capital Markets and Raymond James Ltd. (Underwriters). Full Article
Kaminak Gold Corporation Announces $15 Million Bought Deal Private Placement
Kaminak Gold Corporation announced that it has entered into an agreement with a syndicate of underwriters led by Paradigm Capital Inc. and including Canaccord Genuity Corp., Fraser Mackenzie Limited, BMO Capital Markets and Raymond James Ltd., to sell 1,786,000 Class A common shares of the Company at a price of $2.80 per Common Share and 2,985,000 common shares which qualify as flow-through shares for purposes of the Income Tax Act (Canada) (Flow-Through Shares at a price of $3.35 per Flow-Through Share for aggregate gross proceeds of $15,000,550). The Company intends to use the net proceeds of the Offering to conduct exploration activities on its Coffee project located in the White Gold District, Yukon, and for general corporate purposes. Closing of the Offering is anticipated to occur on or before November 8, 2011 and is subject to receipt of applicable regulatory approvals including approval of the TSX Venture Exchange. Securities issued under the Offering will be subject to a four month hold period which will expire four months from the date of closing. The Underwriters will receive a cash commission equivalent to 6% of the gross proceeds raised, and share purchase warrants entitling the Underwriters to purchase, within 24 months after closing of the Offering, common shares equal to 6% of the Offered Securities sold pursuant to the Offering at a price of $3.35. Full Article
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