Management
Increases Share Position in Kaminak
November 15, 2007
Vancouver, B.C. - Kaminak
Gold Corporation (KAM: TSX-V) today announced that management has increased its share position by
exercising 1,600,000 previously-issued common share purchase warrants at an
exercise price of $0.35 per share, adding CAD $560,000 to Kaminak's
treasury. Management now owns approximately 10% of issued and
outstanding shares of Kaminak.
"Our investment demonstrates the confidence we
have in the Kaminak team and business model,"
stated John Robins, P.Geo., Chairman of Kaminak. "We are 100% committed to the growth
of the company."
This new influx of capital increases Kaminak's working capital to approximately CAD $2.7
million and Kaminak's total issued and outstanding
shares to 31,021,961. Kaminak's current and
complete detailed corporate structure can be viewed on Kaminak's
website, www.kaminak.com ..
About Kaminak
Kaminak Gold Corporation is a prospect generator employing a joint venture
strategy that maximizes opportunities for discovery while attempting to
minimize exploration risk to Kaminak. A
critical component of Kaminak's business model is
working with strong project partners to advance Kaminak's
exploration projects. Covering several million acres, Kaminak
holds one of the largest land positions in Canada devoted to metallic mineral
exploration. Kaminak's projects offer world-class
exploration potential and present exposure to strategic commodities
including, gold, uranium and nickel.
On behalf of the Board of Directors
"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 call us at 604.646.4534.
The TSX Venture Exchange has not reviewed and does
not accept responsibility for the adequacy or accuracy of this release.
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