Recession USA 2020

Kodiak Copper secures C$10.5M in equity financing from Teck (OTCMKTS:KDKCF)

Kodiak Copper (OTC:KDKCF +31.6%) has announced that Teck Resources (TECK +1.3%) will make a strategic investment in the Company via private placement of C$10.5M, for a 9.9% interest

The Placement will consist of 1.04M common shares at C$1.95/share and an additional 3M flow-through common shares at C$2.82/share.

The proceeds will be used to advance the Company’s MPD project and other mineral projects, and for general corporate purposes.

The private placement is expected to close by October 6.

Related posts

How Ulta Beauty is using tech to spur in-store shopping during the pandemic

US kills Isis ‘planner’ behind Kabul airport attack

Cheniere Energy declares first ever quarterly dividend of $0.33

Leave a Comment