RSS SubscribeJune 6, 2024 – Vancouver, British Columbia – Kodiak Copper Corp. (the “Company” or “Kodiak”) (TSX-V: KDK, OTCQB: KDKCF, Frankfurt: 5DD1) announces that it intends to increase the size of its previously announced non-brokered private placement (see News Release June 4th, 2024) for aggregate gross proceeds of up to $6,649,878 (the “Offering”). The Offering will consist of:
- up to 5,095,745 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 non-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 $0.79 per Charity FT Unit;
- up to 1,173,064 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 $0.47 per HD Unit; and
- up to 3,838,704 flow-through shares (the “FT Shares”), at a price of $0.54 per FT Share, each of which will qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Tax Act).