|
Kaminak Announces Closing of $6 Million Bought Deal Private Placement
Over-Allotment Option Fully Exercised
May 31, 2012
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Vancouver, British Columbia � Kaminak Gold Corporation (KAM: TSX-V) (�Kaminak� or the �Company�) is pleased to announce that it has closed the bought deal private placement financing (the �Offering�) announced on May 11th, 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 (Canada) (the �Shares�) at a price of C$2.10 per Share for aggregate gross proceeds of C$6,300,000. 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. (the �Underwriter�), who received a cash commission on the sale of the Shares, representing 6% of the aggregate gross proceeds raised, and broker warrants (the �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 C$2.10 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 1st, 2012. The Offering is subject to receipt of all regulatory approvals.
On behalf of the Board of Directors of Kaminak
�Rob Carpenter�
Rob Carpenter, Ph.D., P.Geo. President and CEO Kaminak Gold Corporation
For further information about Kaminak Gold Corporation or this news release, please visit our website at www.kaminak.com or contact Tony Reda, Vice-President of Corporate Development, at toll free 1.888.331.2269, directly at 604.646.4534 or by email at info@kaminak.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain forward-looking statements including with respect to use of proceeds by the Company and exploration activities on its properties, and such statements involve risks and uncertainties. The results or events predicted may differ materially from actual results or events. Any forward-looking statement speaks only as of the date of this news release. Except as may be required by applicable securities laws, the Company disclaims any intention or obligation to update any forward-looking statement, whether as a result of new information, future events or results, or any other occurrence. Readers are cautioned not to place undue reliance on forward-looking statements.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the �U.S. Securities Act�) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. |
|
|
|
|
|
Kaminak Announces Closing of $6 Million Bought Deal Private Placement
Over-Allotment Option Fully Exercised
May 31, 2012
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Vancouver, British Columbia � Kaminak Gold Corporation (KAM: TSX-V) (�Kaminak� or the �Company�) is pleased to announce that it has closed the bought deal private placement financing (the �Offering�) announced on May 11th, 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 (Canada) (the �Shares�) at a price of C$2.10 per Share for aggregate gross proceeds of C$6,300,000. 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. (the �Underwriter�), who received a cash commission on the sale of the Shares, representing 6% of the aggregate gross proceeds raised, and broker warrants (the �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 C$2.10 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 1st, 2012. The Offering is subject to receipt of all regulatory approvals.
On behalf of the Board of Directors of Kaminak
�Rob Carpenter�
Rob Carpenter, Ph.D., P.Geo. President and CEO Kaminak Gold Corporation
For further information about Kaminak Gold Corporation or this news release, please visit our website at www.kaminak.com or contact Tony Reda, Vice-President of Corporate Development, at toll free 1.888.331.2269, directly at 604.646.4534 or by email at info@kaminak.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain forward-looking statements including with respect to use of proceeds by the Company and exploration activities on its properties, and such statements involve risks and uncertainties. The results or events predicted may differ materially from actual results or events. Any forward-looking statement speaks only as of the date of this news release. Except as may be required by applicable securities laws, the Company disclaims any intention or obligation to update any forward-looking statement, whether as a result of new information, future events or results, or any other occurrence. Readers are cautioned not to place undue reliance on forward-looking statements.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the �U.S. Securities Act�) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. |
|
|
|
|
|
|
|
Data and Statistics for these countries : Canada | All Gold and Silver Prices for these countries : Canada | All
|
Kaminak Gold Corporation
|
|
EXPLORATION STAGE |
CODE : KAM.V |
ISIN : CA48356P2026 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Kaminak Gold is a gold exploration company based in Canada. Kaminak Gold holds various exploration projects in Canada. Its main exploration properties are CHURCHILL, NEEDLE LAKE, VOIGTBERG, MATRIX, CRY LAKE (NIZI CREEK), HEMLO NORTH, LACH, IME GOLD PROPERTY, WHITE DISTRICT, TBN PROJECT, BAKER LAKE PROJECT, COFFEE PROPERTY, SY GOLD PROPERTY, SAIL VMS PROPERTY and SHARPE LAKE in Canada. Kaminak Gold is listed in Canada and in United States of America. Its market capitalisation is CA$ 501.9 millions as of today (US$ 385.0 millions, € 349.8 millions). Its stock quote reached its lowest recent point on December 12, 2008 at CA$ 0.07, and its highest recent level on July 29, 2011 at CA$ 4.71. Kaminak Gold has 186 573 847 shares outstanding. |
Corporate Presentations of Kaminak Gold Corporation |
Annual reports of Kaminak Gold Corporation |
Financings of Kaminak Gold Corporation |
Option Grants of Kaminak Gold Corporation |
Nominations of Kaminak Gold Corporation |
Project news of Kaminak Gold Corporation |
|
Corporate news of Kaminak Gold Corporation |
7/12/2016 | Kaminak Receives Securityholder Approval of Acquisition by G... |
6/9/2016 | Kaminak Commences Exploration at Coffee Gold Project, Yukon ... |
5/26/2016 | Kaminak Announces Voting Results of Annual General Meeting |
5/12/2016 | Kaminak Announces Acquisition Transaction with Goldcorp |
1/21/2016 | Kaminak Announces Executive Management Changes Zara Boldt Ap... |
1/21/2016 | Kaminak Announces Executive Management Changes |
9/28/2015 | Kaminak Announces C$22.5 Million Investment by Electrum Stra... |
9/23/2015 | Kaminak Increases Grade, Oxide Ounces and Indicated Resource... |
9/23/2015 | Kaminak Increases Grade, Oxide Ounces and Indicated Resource... |
9/16/2015 | Kaminak Announces New, Northern Access Road Route to Coffee ... |
9/16/2015 | Kaminak Announces New, Northern Access Road Route to Coffee ... |
8/13/2015 | Kaminak Reports 2015 Infill Drill Results from Coffee Gold P... |
8/13/2015 | Kaminak Reports 2015 Infill Drill Results from Coffee Gold P... |
7/30/2015 | Kaminak Reports Up to 85% Gold Recovery from Transitional Mi... |
3/12/2015 | Kaminak Announces $21 Million, 2015 Coffee Project Feasibili... |
3/12/2015 | Kaminak Announces $21 Million, 2015 Coffee Project Feasibili... |
3/11/2015 | Kaminak Announces Closing of $21 Million Bought Deal Private... |
3/11/2015 | Kaminak Announces Closing of $21 Million Bought Deal Private... |
2/26/2015 | Yukon Ranks 1st in Mineral Potential and 9th Overall in the ... |
2/19/2015 | IIROC Trading Resumption - KAM |
2/19/2015 | Kaminak Gold Corporation Announces C$21 Million Bought Deal ... |
2/18/2015 | IIROC Trading Halt - KAM |
2/5/2015 | Kaminak Reports Infill Drill Results from the Supremo Deposi... |
1/27/2015 | Kaminak Reports Infill Drill Results and Announces New Gold ... |
1/20/2015 | Kaminak Reports High-Grade Infill Drill Results from the Dou... |
1/13/2015 | Kaminak Reports Infill Drill Results from the Coffee Latte D... |
1/13/2015 | Reports Infill Drill Results from the Coffee Latte Deposit |
11/24/2014 | Kaminak Changes Fiscal Year End |
11/24/2014 | Kaminak Changes Fiscal Year End |
10/28/2014 | Kaminak Drilling Expands Kona North Discovery at Coffee 3.12... |
10/28/2014 | Kaminak Drilling Expands Kona North Discovery at Coffee: 3.1... |
9/30/2014 | Kaminak Announces Coffee Gold Project Feasibility Program Up... |
9/15/2014 | Kaminak Grants Stock Options |
2/3/2014 | Mourns the Loss of Dr. Craig Finnigan |
12/2/2013 | Validates Heap Leach Process at Coffee Gold Project; Oxide G... |
11/7/2013 | ’s Coffee Infill Drilling Program at Latte Deposit Demonstra... |
9/24/2013 | Announces Closing of $2.8 Million Bought Deal Private Placem... |
9/19/2013 | Initiates Comprehensive Metallurgical Testwork Program at Co... |
8/8/2013 | Drilling Extends Near-Surface Oxide Gold Mineralization Alon... |
7/9/2013 | Announces Closing of $5 Million Bought Deal Private Placemen... |
5/31/2013 | Adopts Advance Notice Policy and Amends Employee Stock Optio... |
5/8/2013 | Drilling Extends Supremo T2; Multiple Gold-Bearing Structure... |
4/15/2013 | Coffee Gold Project Yields New Drill Discoveries and Adds Hi... |
1/10/2013 | Files NI 43-101 Technical Report for Coffee Gold Project |
10/11/2012 | Announces Closing of $12 Million Bought Deal Private Placeme... |
9/17/2012 | Announces $10 Million Bought Deal Private Placement and Exte... |
9/5/2012 | Extends Supremo T3 Zone at Depth and Drills New Gold Discove... |
5/31/2012 | Announces Closing of $6 Million Bought Deal Private Placemen... |
5/11/2012 | Announces $5 Million Bought Deal Private Placement Proceeds ... |
3/19/2012 | Begins Coffee Drill Program |
2/2/2012 | Scheduled to Begin Coffee Drill Program in March: Fully Fun... |
12/7/2011 | Options Michigan Potash Properties |
6/6/2011 | RC Drilling at Supremo Intersects Mineralization Across the ... |
7/12/2010 | Announces An Increase To Over-Allotment Option Of Equity Fin... |
7/7/2010 | Webcast Presentation |
6/10/2010 | Step-Out Drilling Extends Latte and Supremo Zones Along Tren... |
6/7/2010 | Makes Second Yukon Gold Discovery: Latte Zone Yields 1.08 g/... |
2/8/2010 | Receives CDN $2.2 Million From Warrant Exercises |
1/14/2010 | Exhibiting, Presenting and Sponsoring Yukon Events at Upcomi... |
10/15/2009 | Kaminak’s Partner Completes Drilling on Cry Lake, British Co... |
9/22/2009 | Stakes 210 Additional Claims in the Yukon’s White District B... |
9/14/2009 | BCGold Corp. Amend Agreement on Voigtberg Au-Cu Project, Nor... |
8/10/2009 | Commences Exploration Program on the TBN Platinum-Palladium ... |
6/10/2009 | Expands Yukon Gold Work Program to Accommodate Drilling |
6/5/2009 | Stakes Platinum-Palladium Targets in the Thunder Bay Area, N... |
5/20/2009 | Stakes Additional Claims in the White Gold District, Yukon T... |
1/21/2009 | Presents Educational Workshop and Exhibits at Upcoming Vanco... |
10/1/2008 | Seeks Approval for Share Buy-Back Program Through Normal Cou... |
7/4/2008 | Closes Spin-out of Kivalliq Energy Corporation and Sharehold... |
6/27/2008 | Receives Shareholder and Court approval for spin-out of Kiva... |
6/23/2008 | Proposes Timetable for Closing of Spin-out Transaction and A... |
5/9/2008 | Formalizes Agreement on Angilak Property with Nunavut Tunnga... |
4/3/2008 | Featured in Financial Post Business Magazine |
3/20/2008 | Completes Warrant Exercise and Provides Corporate Update |
3/10/2008 | Exhibit at the Paul van Eeden Investing in 2008 Conference |
2/21/2008 | Shareholders to Receive Shares in New Uranium Spin-out call... |
1/31/2008 | Signs Landmark Agreement with Nunavut Tunngavik Incorporated... |
1/15/2008 | Commences Airborne Geophysical Surveys on Quebec Nickel Pro... |
11/22/2007 | Confirms copper-uranium-silver mineralization along the BOG... |
11/15/2007 | Management Increases Share Position |
11/5/2007 | Reports New Gold-Rich Surface Samples from Its YAT Copper-Ur... |
10/3/2007 | Investment Workshop - Evaluating a Mineral Exploration Compa... |
9/17/2007 | Partners Commence Exploration Programs on Three Separate Gol... |
8/22/2007 | Options Needle Gold Property to TerraX Resource Corp. |
7/18/2007 | Options SY Gold Property to Corsa Capital Ltd. and Signs Exp... |
7/5/2007 | Begins Exploration Programs on Washburn and Yathkyed Project... |
5/4/2006 | to receive up to $5,000,000 of additional geological data se... |
|
|