Replay available
The 6ix Report - Kodiak Closes Oversubscribed Upsized Private Placement
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Kyle Stewart
Host at 6ix
Kyle got his start in the industry by starting his own podcast during the Covid pandemic, where he interviewed over 100 respected companies and leaders in the industry. With his passion and genuine curiosity for the industry, he quickly made a name for hims...
Claudia Tornquist
President, CEO & Director at Kodiak Copper
Formerly General Manager at Rio Tinto working with Rio Tinto’s copper and diamond operations. Also held the position of Executive Vice Presiden Business Development for the streaming company Sandstorm Gold. Director of Silver One Resources and former dire...
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Replay transcript excerpt
[Speaker identities could not be resolved; generic labels used] [00:26] Speaker 1: Hello everyone and welcome to The Sticks Report. I'm here with Claudia Turnquist, President and CEO of Kodiak Copper Corp. To discuss their latest financing. [00:33] Speaker 1: Now, Claudia, Tech Resources participated in this financing to maintain its 9.9% [00:37] Speaker 1: ownership of Kodiak Copper. For people new to the story, when and how did TEC get involved? What do they like about your project so much? [00:46] Speaker 2: TEC invested [00:48] Speaker 2: right after our initial discovery at the Gate Zone at our MPD project in southern British Columbia. [00:55] Speaker 2: That was in late 2020. [00:58] Speaker 2: It was received very well by the market, which of course saw that as a validation [01:04] Speaker 2: of the project. [01:06] Speaker 2: Tech is a very large multinational [01:08] Speaker 2: company. They're not interested in small projects. [01:12] Speaker 2: And it was seen at the time that [01:15] Speaker 2: they obviously invested because they see the potential for NPD to be a large project. That's what we believe as well. That's what we like about it. [01:27] Speaker 2: And TEC has been a very supportive shareholder ever since. They have invested in every financing [01:32] Speaker 2: And it's a real pleasure working with them. [01:36] Speaker 1: Now this financing specifically was oversubscribed. Can you further elaborate on the terms of the financing and where the demand came from? [01:44] Speaker 2: We had very strong demand for the financing. The financing was a mix of a board deal and a private placement. We ended up raising $8.5 [01:53] Speaker 2: million [01:54] Speaker 2: and are now fully financed for all our work this year, which is fantastic. [02:00] Speake...