Kodiak announces C$10.5 million financing and new strategic shareholder
14 September 2020
Kodiak Copper Corp. is pleased to announce that Teck Resources Limited has agreed to make a strategic investment in the Company by way of a private placement.
•Kodiak strengthens its shareholder register by adding Teck, Canada's largest diversified resource company, with a 9.9% interest
•The investment will provide Kodiak with capital to fund the Company’s ongoing work program at its 100% owned MPD copper-gold porphyry project in Southern BC, including an expanded drill program
Claudia Tornquist, President and CEO of Kodiak said, “Kodiak is delighted to welcome Teck as a shareholder. We view Teck's investment as a strong endorsement of the MPD project and Kodiak’s management. With the proceeds of this private placement we will be able to expand on the momentum of our recent Gate Zone discoveries, and test other porphyry targets across the MPD property through 2020 and 2021.”