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| Home : Kapuskasing Gold Announces Private Placement |
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Nov 14
2014 |
Kapuskasing Gold Announces Private Placement |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 13, 2014) - Kapuskasing Gold Corp. (TSX VENTURE:KAP) (the "Company" or "Kapuskasing") is arranging a non-brokered financing of up to 3,000,000 units of the Company at a price of 6.75 cents per unit for gross proceeds of $202,500. Each unit will consist of one common share in the capital of the Company and one common share purchase warrant. Each purchase warrant will be exercisable into one common share at 10 cents for a period of 24 months from the closing of the financing. The Company is also arranging a non-brokered private placement of up to 1,666,666 flow-through ("FT") units of the Company at a price of 7.5 cents per unit for gross proceeds of $125,000. Each FT unit will consist of one common share issued on a flow-through basis within the meaning of the Income Tax Act (Canada) and one purchase warrant exercisable at 10 cents into one common share of the Company for a period of 24 months from the closing of the financing. |
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| Source:http://www.marketwired.com/mw/release.do?id=1967712&sourceType=3 |
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