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Kodiak Closes Oversubscribed $8 Million Bought Deal Private Placement, Including Full Exercise of Underwriters' Option
Vancouver, British Columbia--(Newsfile Corp. - September 25, 2025) - Kodiak Copper Corp. (TS...
About this update from Kodiak Copper Corp.
[{"type":"text","content":"Kodiak Closes Oversubscribed $8 Million Bought Deal Private Placement, Including Full Exercise of Underwriters' OptionVancouver, British Columbia--(Newsfile Corp. - September 25, 2025) - Kodiak Copper Corp. (TSXV: KDK) (OTCQB: KDKCF) (FSE: 5DD1) (the \"Company\" or \"Kodiak\") announces that it has closed its oversubscribed bought deal financing previously announced on September 3rd, 2025, with Canaccord Genuity Corp. as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters including Cormark Securities Inc. and Paradigm Capital Inc. (the \"Underwriters\"), for aggregate gross proceeds to the Company of $8,050,120, which includes the exercise in full of the Underwriters' option (the \"Offering\").Pursuant to the Offering, a total of:6,050,000 charity flow-through units (the \"Charity FT Units\") were issued as part of a charity arrangement, each of which Charity FT Unit consisted of one common share of the Company (a \"Common Share\") and one-half of one transferrable Common Share purchase warrant (each whole warrant, a \"Warrant\"), each of which qualify as \"flow-through shares\" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)), at a price of $1.00 per Charity FT Unit for gross proceeds of $6,050,000; and 3,226,000 units (the \"HD Units\", and together with the Charity FT Units, the \"Units\") were issued, each of which HD Unit consisted of one non-flow-through Common Share and one-half of one Warrant at a price of $0.62 per HD Unit for gross proceeds of $2,000,120.Each Warrant entitles the holder to purchase one non-flow-through Common Share at an exercise price of $0.95 for a period of 24 months following the closing date.Kodiak's largest shareholder Konwave AG, a prominent European resource fund, participated in the financing, maintaining its proportionate equity ownership in the Company.Claudia Tornquist, President and CEO of Kodiak, said, \"We are very pleased with the strong demand from new investors for this financing, as well as the confidence and support shown by our existing shareholders. With a solid balance sheet, we can now confidently accelerate work at our MPD Project in southern British Columbia. The announcement of our maiden resource, expected later this year will be an important catalyst and stepping stone as we move into the next phase of growth. Wit...