18:02:38 EDT Tue 19 Oct 2021
Enter Symbol
or Name

Login ID:
Kodiak Copper Corp
Symbol KDK
Shares Issued 49,105,088
Close 2021-10-06 C$ 1.20
Recent Sedar Documents

Kodiak Copper appoints Eagle to board

2021-10-07 07:30 ET - News Release

Ms. Claudia Tornquist reports


Kodiak Copper Corp. has appointed Lana Eagle to the company's board of directors.

Ms. Eagle is an indigenous relations strategist and a social innovator advising companies on how to better engage and work with indigenous communities. Her background is in banking, economic development, wealth management and mineral exploration. Ms. Eagle is a pioneer for aboriginal women in being one of the first to chair a mineral exploration company in Canada, Electra Gold Ltd. In 2017 she was elected to the board of the Association for Mineral Exploration (AME) B.C., where she is the founder and co-chair of AME's gathering place. She is a program advisory committee member for mining and mineral exploration at the B.C. Institute of Technology. Ms. Eagle is an appointed member of British Columbia's Indigenous Business and Investment Council. She is a director on the board of Geoscience B.C. and most recently has been elected to the board of Prospectors and Developers Association of Canada. Ms. Eagle is a sought-after speaker and lecturer on the topic of indigenous engagement and reconciliation in Canada, as well as diversity and inclusion. She is a member of the Whitecap Dakota First Nation in Saskatchewan.

Claudia Tornquist, president and chief executive officer of Kodiak, said: "I am delighted to welcome Lana to Kodiak's board and am genuinely looking forward to working with her. Lana's impressive background combines business experience with in-depth involvement and thought leadership in indigenous relations. I have no doubt that she will bring valuable perspectives to Kodiak's board and help formulate and execute a well-rounded strategy that will truly benefit our shareholders."

Kodiak has also granted 75,000 stock options to a director and a consultant of the company, exercisable at $1.20 per share. Twenty-five thousand options will be exercisable for a period of one year and 50,000 for five years.

Further, Kodiak has retained, subject to regulatory approval, Red Cloud Securities Inc. to provide market stabilization and liquidity services to the company in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislations. Red Cloud will trade shares of the company on the TSX-V for the purposes of maintaining a reasonable market and improving the liquidity of Kodiak's common shares. The company has agreed to pay Red Cloud $5,000 per month. The agreement between Red Cloud and the company may be terminated by either party with written notice of 30 days. The company and Red Cloud act at arm's length, but Red Cloud may provide investment banking or other services to Kodiak and Red Cloud and/or its clients may have an interest, directly or indirectly, in the securities of Kodiak. The agreement is principally for the purposes of maintaining market stability and liquidity for the company's common shares and is not a formal market making agreement. There are no performance factors contained in the agreement between Red Cloud and the company and Red Cloud will not receive any shares or options from the company as compensation for services it will render.

About Kodiak Copper Corp.

Kodiak is focused on its 100-per-cent-owned copper porphyry projects in Canada and the United States. The company's most advanced asset is the MPD copper-gold porphyry project in the prolific Quesnel trough in south-central British Columbia, Canada, where the company made a discovery of high-grade mineralization within a wide mineralized envelope in 2020. Kodiak also holds the Mohave copper-molybdenum-silver porphyry project in Arizona, near the world-class Bagdad mine. Kodiak's porphyry projects have both been historically drilled and present known mineral discoveries with the potential to hold large-scale deposits.

We seek Safe Harbor.

© 2021 Canjex Publishing Ltd. All rights reserved.