Published on: 7/10/2014 9:23:23 AM Print | Font Sizes:  Normal Text Large Text

K-L Gold raises flow-through cash


By: Northern Ontario Business staff

Kirkland Lake Gold announced July 3 of the closing of its flow-through financing of $7.5 million.
Kirkland Lake Gold announced July 3 of the closing of its flow-through financing of $7.5 million.

Kirkland Lake Gold announced July 3 of the closing of its flow-through financing of $7.5 million.

The company intends to use the net proceeds to advance its surface exploration program.

The Kirkland Lake gold miner issued an aggregate of 1,923,205 common shares a price of $3.90 per offered share.

An application has been made to the AIM Market of the London Stock Exchange for the offered shares to be admitted for trading commencing on July 7.

Following admission, the increased issued share capital of the company will be 72,074,117 common shares.

It is expected that trading of the Offered Shares issued under the Offering will commence on the Toronto Stock Exchange following the expiry of the four month hold period applicable under Canadian securities legislation.

The company said it is committed to maintaining a significant exploration program to increase the mine life past 10 years. 

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