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Strategies & Market Trends : Dino's Bar & Grill
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To: Goose94 who wrote (6581)5/27/2014 11:10:10 PM
From: Goose94Read Replies (1) of 203026
 
Kapukasing Gold (KAP-V) May 27, '14 has closed the first tranche of a private placement announced May 7, 2014. A total of 1,450,466 units at a price of 15 cents per unit has been issued for gross proceeds of $218,000.

Each unit consists of a common share in the capital of the company and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one share at a price of 20 cents per share for two years following the closing of the offering.

All securities issued in connection with the offering will be subject to a four-month hold period expiring on Sept. 27, 2014, in accordance with applicable Canadian securities laws. Net proceeds from the offering will be applied toward advancement of the company's recently announced (see news release Feb. 28, 2014) acquired properties, which are still subject to TSX Venture Exchange approval and for general working capital purposes. The offering remains subject to final acceptance by the TSX Venture Exchange.

In connection with the offering, the company paid certain finders a cash commission equal to 7 per cent of the proceeds of the sale of units by such finder and issued finder compensation warrants equal to 7 per cent of the number of units sold by such finder.
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