09:56 AM EST - Kapuskasing Gold Corp. : announced that the Company intends to complete a non-brokered private placement of up to 6,666,666 units at a price of 15 cents per unit, for gross proceeds of up to $1,000,000. Each unit will consist of one common share and one half of one common share purchase warrant. Each full warrant will entitle the holder thereof to purchase one common share of the Company at an exercise price of 20 cents for a period of two years following the closing of the offering. Kapuskasing Gold Corp.
shares V.KAP are trading down $0.01 at $0.17.
