Kodiak Closes Oversubscribed $8 Million Bought Deal Private Placement, Including Full Exercise of Underwriters' Option

Core Viewpoint - Kodiak Copper Corp. successfully closed an oversubscribed bought deal financing, raising a total of $8,050,120, which will support the advancement of its MPD Project in British Columbia and other corporate purposes [1][3][8]. Financing Details - The financing included the issuance of 6,050,000 charity flow-through units at $1.00 each, generating gross proceeds of $6,050,000, and 3,226,000 non-flow-through units at $0.62 each, generating gross proceeds of $2,000,120 [6][8]. - Each warrant from the offering allows the holder to purchase one non-flow-through common share at an exercise price of $0.95 for 24 months [2][3]. Shareholder Participation - Konwave AG, Kodiak's largest shareholder, participated in the financing, maintaining its equity ownership [2]. - Insiders subscribed for a total of 79,000 HD Units, contributing $48,980 to the gross proceeds [7]. Use of Proceeds - Net proceeds from the HD Units will be allocated for working capital, general corporate purposes, and advancing the Company's project in Arizona [8]. - The gross proceeds from the charity flow-through units will be used to incur eligible Canadian exploration expenses on the Company's project in British Columbia [8]. Future Outlook - The Company anticipates announcing its maiden resource estimate for the MPD Project later this year, which is expected to be a significant catalyst for growth [3][10]. - Kodiak Copper is focused on expanding its known mineralized zones and exploring untested targets within the MPD Project [10].