Kodiak Copper Corp. has announced its plans to increase the size of its non-brokered private placement to raise up to $6,649,878 in aggregate gross proceeds. The offering will include a variety of units, including charity flow-through units, common share units, and flow-through shares. Each unit will be priced at different rates, with the proceeds intended for different purposes including working capital, general corporate expenses, and to incur eligible Canadian exploration expenses.
The Company’s most advanced asset is the MPD copper-gold porphyry project in British Columbia, Canada, which has shown potential for large-scale deposits. With multiple mineralized zones already outlined on the property, Kodiak continues to explore the project to demonstrate its district-scale potential. The Company also holds the Mohave copper-molybdenum-silver porphyry project in Arizona, USA.
Insiders of the Company are expected to participate in the Offering, with precautions in place to ensure compliance with regulatory requirements. The Offering is set to close around June 21, 2024, pending necessary approvals.
This news release serves as an opportunity for investors to participate in Kodiak Copper Corp.’s growth and exploration activities, with potential benefits for the Company and its shareholders in the future. Investors are advised to carefully review the details of the Offering and consult with financial professionals before making any investment decisions.
