Closing of Private Placement for Total Proceeds of $100,000
Closing of Private Placement for Total
Proceeds of $100,000
West Vancouver, British Columbia--(Newsfile Corp. - October 28, 2024) -
K9 Gold Corp. (TSXV: KNC)
(OTCQB: WDFCF) (FSE: 5GP0) ("K9" or the "Company")
is pleased to announce it has closed its
Private Placement which was comprised of 1,428,570 units (the "Units") at a price of $0.07 per Unit.
Each Unit is comprised of one common share and one share purchase warrant (the "Warrants")
exercisable for a period of five years from closing at an exercise price of $0.10 per share.
The common shares comprising a portion of the Units, and any common shares issued upon exercise of
Warrants, are subject to a four month Exchange hold period expiring on March 1
st
, 2025
Proceeds from the Additional Private Placement will be used for general working capital.
Two insiders participated in this financing for a total of 803,572 units.
No commissions were paid in conjunction with the Private Placement.
Toll Free Number: (833) 434-GOLD (4653)
Kosta Tsoutsis
Director
K9 Gold Corp.
email:
Telephone: 604 808-9134
Brian Morrison
Chief Financial Officer and Director
K9 Gold Corp.
email:
telephone: 604 312-6910
The Company is listed on the TSX Venture Exchange.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of
management regarding K9's intention to continue to identify potential transactions and make certain
corporate changes and applications. Forward-looking statements consist of statements that are not
purely historical, including any statements regarding beliefs, plans, expectations or intentions
regarding the future. Such statements are subject to risks and uncertainties that may cause actual
results, performance or developments to differ materially from those contained in the statements. No
assurance can be given that any of the events anticipated by the forward-looking statements will occur
or, if they do occur, what benefits K9 will obtain from them. These forward-looking statements reflect
managements' current views and are based on certain expectations, estimates and assumptions
which may prove to be incorrect. A number of risks and uncertainties could cause actual results to
differ materially from those expressed or implied by the forward-looking statements, including K9's
inability to identify transactions having satisfactory terms or at all and the results of exploration or
review of properties that K9 does acquire. These forward-looking statements are made as of the date
of this news release and K9 assumes no obligation to update these forward-looking statements, or to
update the reasons why actual results differed from those projected in the forward-looking statements,
except in accordance with applicable securities laws.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/228089