Kodiak Oil & Gas raises $7.2 million through private placement

Kodiak Oil & Gas Corp., a US-based oil and gas exploration and production company, has raised $7.2 million through a private placement by issuing 9.6 million shares of common stock at a price of $0.75 per share.

Kodiak Oil has entered into an agreement to raise approximately $7.5 million by issuing 10 million shares of its common stock at a price of $0.75 per share to institutional investors through a non-brokered registered direct offering.

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