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Stock impact report

Kenorland Arranges Strategic Investment by Centerra Gold Through C$9.86M Non-Brokered Private Placement [Yahoo! Finance]

Centerra Gold Inc. Common Shares (CGAU) 
Company Research Source: Yahoo! Finance
TSXV: KLD OTCQX: KLDCF FSE: 3WQ0 Kenorland " or the " Company ") is pleased to announce that the Company has arranged a non-brokered C$9.86 million private placement (the " Offering ") of 8,315,871 common shares (the " FT Shares ") that will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) and be sold on a charitable flow-through basis. In connection therewith, the Company and Centerra Gold Inc. (" Centerra" ) have agreed to a strategic investment, whereby Centerra will acquire approximately 9.9% of the issued and outstanding common shares of the Company (" Shares "). Centerra will be an end purchaser of Shares following the charitable flow through donations in the Offering. The Company and Centerra will enter into an investor rights agreement (the " IRA "), whereby, subject to certain conditions, including time and ownership thresholds, Centerra will have certain rights, including the right to participate in future equity iss Show less Read more
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