TSX acceptance bulletin for latest PP below.

No insiders. 59 hidden placees. Very small 'pro group' participation. But don't forget this PP was nearly double the orignial announced amount... i.e. major over-subscribed.

If the 59 hidden placees were the only ones to participate... that would be an average of about 350K per placee... or $227K... not small participants... but not institutionally large either.

Either way KXL now has massive treasury once again... I just hope there is a plan and it starts to unfold early 2010...

P.S. Don't know about the rest of you but... one aspect of KXL I often forget about is the Uranium side of things... I huess because we have only heard limited news on this front... this could be an equally important part of KXL business in the near future... weren't we told in Nov that they would announce drill program at WM early in 2010?... Would be nice to see equal amount of significant uranium and gold news in 2010.

Happy Holidays,

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.)