$KDK.V

2 stories mentioning KDK.V

Every FINWIRES story that references KDK.V, newest first.

Kodiak Copper Upsizes Private Placement to C$13.1 Million

Kodiak Copper (KDK.V) after trade Tuesday said it upsized its best-effort private-placement financing to C$13.1 million from C$10 million "as a result of strong investor demand."The offering includes up to 8.34-million flow-through shares priced at C$1.271 each, expected to raise about C$10.6 million, and up to 3.05-million common shares at C$0.82 each, expected to raise about C$2.5 million, the company said, adding that the underwriters have an option to sell additional shares equal to up to 15% of the offering size.Proceeds will be used for working capital and general corporate purposes. The offering is set to close around June 25, subject to certain conditions including approval from the TSX Venture Exchange, the company said.Kodiak shares closed down C$0.07 to C$0.83 on the TSX Venture Exchange.

$KDK.V

Mining & Metals47d ago

Kodiak Copper, Teck Subsidiary, to Create U.S.-Focused Copper Exploration Company

Kodiak Copper (KDK.V) on Wednesday signed a non-binding letter of intent (LOI) with Teck Resources (TECK-B.TO) unit Teck American, and privately-held Kay Copper to form a new copper-exploration company.Kodiak is selling its Mohave project, and Teck, its Copper Hill project, both in Arizona, into a subsidiary of Kay Copper to create a U.S.-focused copper-exploration company that would list on the TSX Venture Exchange. Kodiak Copper and Teck would each have a 28% equity stake in the company, a statement said.The new company also intends to raise $4.0 million through a subscription receipt financing at $0.25 per share. Proceeds will fund exploration work to materially advance both projects in 2026.The company will be led by Adam Schatzker as chief executive officer. Schatzker was most recently vice president, corporate development at Canada Nickel Company (CNC.V).Kodiak Copper shares were last seen up $0.01 to $0.91 on the TSX Venture Exchange.Price: $0.91, Change: $+0.01, Percent Change: +1.11%

$KDK.V$TECK-B.TO