2010
Kaminak Gold Corporation
$14.5 Million Bought Deal Flow-Through Share Offering
We acted as counsel to Kaminak Gold Corporation in respect its $14.5 million bought deal equity financing that completed on July 29, 2010. The financing was underwritten by a syndicate co-led by Canaccord Genuity Corporation and Mackie Research Capital Corporation and included Fraser Mackenzie Limited. On closing, Kaminak sold an aggregate of 5,335,000 common shares at a price of $1.50 per common share and 3,824,300 flow-through common shares at a price of $1.70 per flow through common share for gross proceeds of $14,503,810. Kaminak is a Vancouver-based exploration stage mining company focusing on the acquisition, exploration and development of economic gold and other precious and base metal properties. It intends to use the proceeds of the Offering to conduct exploration activities on its Coffee project located in the White Gold District, Yukon and for general working capital purposes. The shares of Kaminak are listed on the TSX Venture Exchange under the symbol “KAM”.