Electrum to buy a major stake in Kaminak

Kaminak Gold Corp. Sept. 28 reported that it intends to raise C$22.5 million in a non-brokered private placement to Electrum Strategic Opportunities Fund L.P., Ross Beaty and Zebra Holdings and Investments S.à.r.l., Luxembourg.

Beaty and Zebra Holdings each currently own a 7.33 percent interest in Kaminak.

Kaminak's financing involves the issuance of 27,439,024 units, made up of one company share...