Kapuskasing Gold Arranges $500,000 Private Placement

Kapuskasing Gold Corp. (TSXV:KAP) announced it intends to raise up to a total of $500,000 by way of a non-brokered private placement of flow-through units at a price of five cents per FT unit and non-flow-through units at a price of 2.5 cents per NFT unit pursuant to a discretionary waiver of the five-cent minimum pricing requirement granted by the TSX Venture Exchange. Subject to certain limitations discussed below, the offering is open to all existing shareholders of the company as well as pursuant to other available prospectus exemptions.
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