K9 GOLD Announces Private Placement Backed BY Palisades Goldcorp and Funds Managed BY Sprott Asset Managment Llp
#2310-1177 W. Hastings St.
Vancouver, BC V6E 2K3 Canada
P. 604 662 8184
www.k9goldcorp.com
K9 GOLD ANNOUNCES PRIVATE PLACEMENT BACKED BY PALISADES GOLDCORP
AND FUNDS MANAGED BY SPROTT ASSET MANAGMENT LLP
January 22, 2021 – K9 Gold Corp. (KNC: TSX-V) (5GP:GR: FSE) (WDFCF: OTC) (“K9” or the “Company ”)
is pleased to announce a non- brokered private placement (the "Private Placement") of 6,035,714 flow
through shares (the “Shares”) at a price of $0.3 5 per share and 1,635,000 units (the “Units”) at a price of
$0.30 per Unit. The Units are non-flow through. Each Unit will consist of one common share and one share
purchase warrant, with each whole share purchase warrant being exercisable for a period of three years at
a price of $0.40 per share.
Total gross proceeds of the Private Placement are $2,603,000.
Funds managed by Sprott Asset Management LLP have agreed to purchase 2,857,143 flow through Shares
of the Private Placement and a syndicate led by Palisades Goldcorp Ltd. has agreed to purchase 1,600,000
Units in the Private Placement.
About Palisades Goldcorp
Palisades Goldcorp is Canada's resource focused merchant bank. Palisades' management team has a
demonstrated track record of making money and is backed by many of the industry's most notable
financiers. With junior resource equities valued at generational lows, management believes the sector is on
the cusp of a major bull market move. Palisades is positioning itself with significant stakes in undervalued
companies and assets with the goal of generating superior returns.
Proceeds from the Private Placement will be used for drilling and exploration on the Stony Lake East Gold
Project.
The Private Placement will include commissions of 8% cash payable both on the placement of the Shares
and on the placement of the Units.
All securities issued pursuant to this financing are subject to a four month hold period from the date of
issuance. The Private Placement is subject to approval from the TSX Venture Exchange.
Toll Free Number: (833) 434-GOLD (4653)
Kosta Tsoutsis
Director
K9 Gold Corp.
email: [email protected]
Telephone: 604 808-9134
#2310-1177 W. Hastings St.
Vancouver, BC V6E 2K3 Canada
P. 604 662 8184
www.k9goldcorp.com
Brian Morrison
Chief Financial Officer and Director
K9 Gold Corp.
email: [email protected]
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.