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)
