Vancouver, British Columbia--(Newsfile Corp. - June 25, 2026) - Kodiak Copper Corp. (TSXV: KDK) (OTCQX: KDKCF) (FSE: 5DD1) (the "Company" or "Kodiak") reports that it has closed its upsized and oversubscribed private placement offering pursuant to the Listed Issuer Financing Exemption (as defined herein), previously announced on June 2nd, 2026, with Paradigm Capital Inc. as lead agent and sole bookrunner, on behalf of a syndicate of agents including ATB Capital Markets Corp., Haywood Securities Inc. and Integrity Capital Group Inc. (the "Agents"), for aggregate gross proceeds to the Company of approximately C$15 million, which includes the exercise in full of the Agents' option (the "Offering").
Pursuant to the Offering, a total of:
(i) 9,885,900 charity flow-through common shares of the Company (the "Charity FT Shares") were issued which will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the "ITA")), at a price of C$1.271 per Charity FT Share for gross proceeds of approximately C$12.5 million; and
(ii) 3,048,900 common shares of the Company (the "HD Shares", and together with the Charity FT Shares, the "Offered Securities") were issued at a price of C$0.82 per HD Share for gross proceeds of approximately C$2.5 million.
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 to have completed this oversubscribed financing and thank both new and existing shareholders for their strong support. With C$15 million in new capital, Kodiak is well funded to advance an exciting 2026 program at MPD, focused on growing and enhancing our maiden resource while also drilling several high-priority exploration targets that have the potential to yield new discoveries. We believe MPD remains significantly underexplored and offers substantial opportunities for continued growth, and we look forward to delivering on the project's potential for our shareholders."
In consideration for their services, the Company paid to the Agents a cash fee equal to 6% of the gross proceeds of the Offering (reduced to 3% for certain orders on a "President's List"). The Company also issued to the Agents non-transferable common share purchase warrants (the "Compensation Warrants") equal to 6.0% of the number of Offered Securities sold in the Offering (reduced to 3% for certain orders on the President's List). Each Compensation Warrant entitles the holder to purchase one non-flow-through Common Share at an exercise price of C$0.82 for a period of 24 months following the closing date.