VANCOUVER, BRITISH COLUMBIA, Jul 14, 2014 (Marketwired via COMTEX) — Kaminak Gold Corporation (KAM) (the “Company”) announces that it has entered into a subscription agreement (the “Subscription Agreements”) with each of Ross Beaty and Zebra Holdings and Investments S.a.r.l., Luxembourg (a company owned by a Trust whose settlor was the late Adolf H. Lundin) (the “Purchasers”) pursuant to which each of the Purchasers has agreed to make an investment of C$6,760,000, collectively C$13,520,000, into the Company by way of a non-brokered private placement (the “Private Placement”). Upon closing of the Private Placement, each of the Purchasers will own 9.98% of Kaminak’s outstanding shares on a partially diluted basis assuming the exercise of Warrants (as defined below) acquired by such Purchaser. The Company’s cash position will be approximately C$26.5 million following completion of the Private Placement (continues here)
A year’s worth of Kaminak (KAM.v)
Back on Bastille Day 2014, Kaminak Gold (KAM.v) whacked a big move when Ross Beaty and Lukas Lundin decided to take their big chunk of the stock at 80c. By way of reminder…
…so, here we are a year on and let’s check on things, because Beaty and Lundin always win and never fail.
Though to be fair, that jolly shining legend about their collective prowess is only what you dumbasses in marketworld say, all that “broken slot machine” stupidity. Ask Beaty and Lundin and they’ll both quickly point out their failed trades to you. And that’s why they’re good at what they do. And you’re not.