K9 Gold Corp. Closes $400,000 Private Placement Financing
K9 Gold Corp. Closes $400,000 Private
Placement Financing
West Vancouver, British Columbia--(Newsfile Corp. - August 13, 2025) -
K9 Gold Corp. (TSXV: KNC)
(FSE: 5GP0) (OTCQB: WDFCF) ("K9" or the "Company")
is pleased to announce that it has closed
its previously announced non-brokered private placement (the "Offering") for total gross proceeds of
$400,000
.
Under the Offering, the Company issued
4,000,000 units
(the "Units") at a price of
$0.10 per Unit
. Each
Unit consists of one common share of the Company and one common share purchase warrant (a
"Warrant"). Each Warrant entitles the holder to purchase one additional common share of the Company
at a price of
$0.15
for a period of
three (3) years
from the date of issuance.
In connection with the Offering, the Company paid finder's fees totaling
$4,000
.
Insiders of the Company subscribed for an aggregate of
$40,000
worth of Units in the Offering. The
participation of insiders constitutes a "related party transaction" under Multilateral Instrument 61-101 -
Protection of Minority Security Holders in Special Transactions
but is exempt from the formal valuation
and minority shareholder approval requirements.
All securities issued under the Offering are subject to a statutory hold period expiring
December 14,
2025
, in accordance with applicable securities laws.
The net proceeds from the Offering will be used for
general working capital
and
exploration
activities
.
About K9 Gold Corp.
K9 Gold Corp. is a mineral exploration company focused on advancing its portfolio of gold and base
metal projects in North America. The Company is committed to responsible exploration and the creation
of long-term shareholder value.
On behalf of the Board of Directors
K9 Gold Corp.
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/262357