Kodiak Copper CEO Claudia Tornquist joined Steve Darling from Proactive to share news the company has closed its previously announced, bought deal private placement financing and non-brokered private placement raising about 9.6 million dollars.
Torquist says the company now sits with abut 18 million dollars in the treasury and is in a good position to further advance the MPD Project in southern B.C. Tornquist also said they received strong support including Teck Resources Limited which exercised its equity participation right to maintain its 9.9% ownership position in Kodiak.