"Watch for the share price to close green the majority of trading days for the next month or so..It won't be long and we will be in the .75-.80 range.."

I agree. Nice strength/support at 50+ today. Should continue IMO.

As an aside... how can KXL complete a $14 million bought deal private placement in just over 2 weeks at 65 cents (FT)... oversubscribed by some $5 million... 59 hidden placees (i.e. ~360K shares per placee on average)... no warrants attached... YET... there are very few (relatively) buyers at 53 cents?...

IMO the strength/support shown via the last PP will start to be recognized in KXL share price... only a matter of time... I think last PP was sort of a pay-back to those who participated in previous $4 PP... that's understandable and how business is done.

red911

Kodiak Exploration 21,241,774-share private placement

2009-12-18 20:14 NT - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced Dec. 1, 2009, and amended on Dec. 15, 2009.

Number of shares: 21,241,774 flow-through shares

Purchase price: 65 cents per share

Hidden placees: 59 hidden placees participated

Pro groups: David Wayne Papau, 40,000; Brian Christie, 10,000

Agents' fees: $488,281.99 and 737,126 agent warrants payable to Casimir Capital LP; $196,192.28 and 315,911 agent warrants payable to National Bank Financial Inc.; $143,954.92 and 221,469 agent warrants payable to Limited Market Dealer Inc. (Each agent warrant is exercisable at 80 cents for a 12-month period into one common share.)