Kodiak Copper Corp. announced a private placement of charity flow-through units at a price of CAD 0.79 per Charity FT Unit, common share units at a price of CAD 0.47 per HD Unit and flow-through shares at a price of CAD 0.54 per flow-through share for a gross proceeds CAD 4,000,000 on June 4, 2024. Each of which Charity FT Unit will consist of one common share of the Company and one-half of one non-transferable common share purchase warrant.

Each HD Unit will consist of one non-flow-through Common Share and one-half of one non-transferable, non-flow-through common share purchase warrant. Each Charity FT Warrant and Warrant issuable under the Offering will entitle the holder to purchase one non-flow-through Common Share at an exercise price of CAD 0.65 for a period of 24 months following the closing date. The Offering is expected to close on or about June 21, 2024, or on any other date or dates as the Company may determine, and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the acceptance of the TSXV.

The securities issued pursuant to the Offering, and the underlying securities, will be subject to a hold period of four months and one day from the date of closing