K9 Gold Announces Private Placement to Continue Drilling at Stony Lake
K9 Gold Announces Private Placement to
Continue Drilling at Stony Lake
Vancouver, British Columbia--(Newsfile Corp. - April 6, 2022) -
K9 Gold Corp. (TSXV: KNC) (FSE:
5GP) (OTCQB: WDFCF) ("K9" or the "Company")
is pleased to announce a non-brokered private
placement (the "Private Placement") of up to 10,000,000 flow through units (the "FT Units") at a price of
$0.20 per FT Unit and up to 5,000,000 units (the "Units") at a price of $0.15 per Unit. The Units are non-
flow through.
Each Unit and FT Unit will consist of one common share and one share purchase warrant,
with each whole share purchase warrant being exercisable for a period of two years at a price of $0.25
per share.
Proceeds from the Private Placement will be used for drilling and exploration on the Stony Lake Gold
Project, particularly in the Jumper's Pond area where drilling in late 2021 intersected multiple very wide
zones of significant gold mineralization.
The Private Placement will include commissions of 8% cash and 8% warrants payable both on the
placement of the FT Units 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.
Chris M. Healey, P. Geo, Chief Geologist and a Director of K9 Gold Corp., is the qualified person
under NI 43-101 guidelines who is responsible for the technical content of this release, and consents
to its release.
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.
Not for distribution to United States newswire services or for dissemination in the United States.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/119455