New Issue: Kaminak settles C$1.41 million private placement of flow-through stock

By Devika Patel

Knoxville, Tenn., Dec. 22 - Kaminak Gold Corp. said it completed a C$1.41 million non-brokered private placement of stock. The deal priced Dec. 9 and was lifted to C$1.39 million from C$750,000 on Dec. 16.

The company sold 1,885,300 flow-through shares at C$0.75 per share.

Proceeds will be used for exploration.

Vancouver, B.C.-based Kaminak is a gold, uranium and nickel exploration company.

Issuer:	Kaminak Gold Corp.
Issue:	Flow-through shares
Amount:	C$1,413,975
Shares:	1,885,300
Price:	C$0.75
Warrants:	No
Agents:	Non-brokered
Pricing date:	Dec. 9
Upsized:	Dec. 16
Settlement date:	Dec. 22
Stock symbol:	TSX Venture: KAM
Stock price:	C$0.58 at close Dec. 9
Market capitalization:	C$26.6 million

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