RSS SubscribeFebruary 25, 2025 – Vancouver, British Columbia – Kodiak Copper Corp. (the “Company” or “Kodiak”) (TSX-V: KDK, OTCQB: KDKCF, Frankfurt: 5DD1) announces that it intends to complete a non-brokered private placement financing for gross proceeds of up to $5 million (the “Offering”). The Offering will consist of the issuance of a combination of the following securities:
- Charity flow-through units (the “Charity FT Units”) that will be issued as part of a charity arrangement, each of which Charity FT Unit will consist of one common share of the Company (a “Common Share”) and one-half of one transferable common share purchase warrant (each whole warrant, a “Charity FT Warrant”), both of which will qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”)), at a price of $0.70 per Charity FT Unit;
- Common share units (the “HD Units”), each of which HD Unit will consist of one non-flow-through Common Share and one-half of one non-transferable, non-flow-through common share purchase warrant (each whole warrant, a “Warrant”), at a price of $0.42 per HD Unit.