Recession USA 2020
Business

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

AI-powered ETF still all-in on stocks and finding more value: Alpha Tactics

jkslogan19@gmail.com

Advertising slid 30% in Q2 – but social media grabbed market share (NASDAQ:FB)

jkslogan19@gmail.com

U.S. government deficit narrows to $2.71T YTD from $3.01T a year ago

jkslogan19@gmail.com

Leave a Comment