K92 Arranges $10 Million Financing
Suite 488 – 1090 West Georgia Street
Vancouver, British Columbia
Canada V6E 3V7
Telephone: (604) 687-7130
Facsimile: (604) 608-9110
NEWS RELEASE
March 15, 2017 Vancouver, British Columbia
K92 Arranges $10 Million Financing
K92 Mining Inc. (the "Company" or "K92"), (TSX VENTURE:KNT) is pleased to announce the
Company has arranged a non -brokered pri vate placement to raise up to $10 ,000,000 (the
"Financing") through the issuance of 13,333,333 units (the "Units") of the Company at a price of
$0.75 per Unit. Each Unit will co nsist of one Common share and one Common share purchase
warrant (a "Warrant"). Each Warrant will allow the holder to purchase one Common share of K92
at a price of $1.00 for a period of 12 months from the date of issuance.
Finders’ fees may be paid in connection with the Financing as K92 may engage certain finders to
assist in locating investors for the Financing.
The Financing is intended to be completed within the next 10 days and is subject to certain
conditions, including the approval of the TSX Ventu re Exchange (the "TSXV"). Use of proceeds
are intended to include grade control, expansion and exploration drilling, work on the underground
incline drive to Kora and for general corporate purposes.
All securities issued as part of the Financing will be subject to a hold period of 4 months and one
day from the closing date of the Financing.
On behalf of the Company,
Ian Stalker, Chief Executive Officer and Director
The TSXV has in no way passed upon the merits of the proposed Financing and has neither
approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange
nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this release.
CAUTIONARY STATEMENT REGARDING FORWARD -LOOKING INFORMATION: This
news release includes certain "forward -looking statements" under applicable Canadian securities
legislation. Forward-looking statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable, are subject to known and unknown risks,
uncertainties, and other factors which may cause the actual results and future events to differ
materially from those expressed or implied by such forward -looking statements. All statements
that address future plans, activities, events or developments that the Company believes, expects or
anticipates will or may occur are forward -looking information, including statements regarding
completion o f the Financing and the intended use of proceeds which are subject to change .
Forward-looking statements and information contained herein are based on certain factors and
assumptions regarding, among other things, the market price of the Company's securities, metal
prices, taxation, the estimation, timing and amount of future exploration and development, capital
and operating costs, the availability of financing, the receipt of regulatory approvals,
environmental risks, title disputes, failure of plant, equipment or processes to operate as
anticipated, accidents, labour disputes, claims and limitations on insurance coverage and other
risks of the mining industry, changes in national and local government regulation of mining
operations, and regulations and other matters. There can be no assurance that such statements will
prove to be accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue reliance on forward -
looking statements. The Company dis claims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future events or otherwise,
except as required by law.