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.

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