K9 Gold Corp. Closes First Tranche of Private Placement and Announces Proposed Name Change to Americore Resources Corp.
K9 Gold Corp. Closes First Tranche of Private
Placement and Announces Proposed Name
Change to Americore Resources Corp.
Vancouver, British Columbia--(Newsfile Corp. - October 30, 2025) -
K9 Gold Corp. (TSXV: KNC)
(OTCQB: WDFCF) (FSE: 5GP) (the "Company")
is pleased to announce that it has closed the first
tranche of its previously announced non-brokered private placement (originally announced on October 2,
2025 and amended on October 8, 2025).
The Company has issued 3,460,000 units at a price of $0.25 per unit, for gross proceeds of $865,000.
Each unit consists of one common share and one common share purchase warrant. Each warrant
entitles the holder to purchase one additional common share of the Company at a price of $0.35 per
share for a period of two (2) years, expiring October 30, 2027.
In connection with the closing of this tranche, the Company paid finders' fees totaling $13,000 in cash
and issued 52,000 finder warrants, each exercisable to acquire one common share at a price of $0.35
for a period of two (2) years, expiring October 30, 2027.
The securities issued in this financing are subject to a statutory hold period of four months and one day
from the date of issuance, in accordance with applicable securities laws.
The Company also announces that it intends to change its name to Americore Resources Corp., subject
to the approval of the TSX Venture Exchange. The effective date of the name change, and new trading
symbol will be announced once approval has been received.
About K9 Gold Corp.
K9 Gold Corp. is a mineral exploration company focused on the acquisition, exploration, and
development of mineral properties in North America. The Company's primary asset is the Trinity Silver
Project in Pershing County, Nevada, which covers approximately 14,523 acres of owned and leased
land and hosts a historic open-pit, heap-leach silver operation.
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/272632