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KAMINAK GOLD CORPORATION V.KAM

"Kaminak Gold Corp was incorporated on July 4, 2005 under the Business Corporations Act (British Columbia). The Company is an exploration stage company. It focuses on the acquisition, exploration and development of economic gold and other precious and base metal properties. The projects of the Company include Michigan Potash Project, Michigan. The Company is interested in exploration properties in Canada and the United States."


TSXV:KAM - Post by User

Bullboard Posts
Comment by dropshotvolleyon Dec 16, 2012 4:02pm
317 Views
Post# 20737291

RE: RE: RE: Told you so

RE: RE: RE: Told you so

Completely agree. Someone on this board referred to me a stupid for saying so about 1 week ago or so. These types of comments separate who was brought up the right way and who was not. This coming year they may be looking at Metallurgical testing + a PEA + infill drilling + exploratory drilling + more soil sampling. Last year (2012) they planned a "VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 2, 2012) - Kaminak Gold Corporation (TSX VENTURE:KAM) today announced Board approval for the Phase One 2012 exploration program on the Coffee Gold Project, Yukon Territory. Budgeted at CDN $17,000,000 and consisting of a minimum of 50,000 metres of drilling from four drills, the 2012 exploration program is fully funded and expected to begin with drilling in late March." Then they added more money including "VANCOUVER, May 11, 2012 /CNW/ - Kaminak Gold Corporation (KAM: TSX-V) ("Kaminak" or the "Company") is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. (the "Underwriter"), to sell 2,500,000 flow-through common shares (the "Flow-Through Shares") at a price of $2.10 for aggregate gross proceeds of $5,250,000." That was around 22M raised. We are in one of the worst junior financing markets I have seen in 30 years. Even at $1.50 10M shares would not dilute this thing much. We need tonnage here IMO to make this go and if the a little more money can be raised now then a bird in the hand.

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