K92 Mining Closes $10,000,000 Financing
Suite 488 – 1090 West Georgia Street
Vancouver, British Columbia
Canada V6E 3V7
Telephone: (604) 687-7130
Facsimile: (604) 608-9110
NEWS RELEASE
March 22, 2017 Vancouver, British Columbia
K92 Mining Closes $10,000,000 Financing
K92 Mining Inc. (the "Company" or "K92") (TSX VENTURE:KNT) is pleased to announce that
it has closed, fully subscribed, the non-brokered private placement announced on March 15, 2017,
consisting of the issuance of 13,333,333 units (the "Units") at $0.75 per Unit for gross proceeds of
$10,000,000 (the "Financing").
All securities issued pursuant to the Financing are subject to a four month hold expiring July 22,
2017. 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.
Each Unit consists of one Common share (a “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.
In connection with the Financing and subject to TSXV approval, K92 intends to pay a finder's fees
of an aggregate of 1,053,333 Shares and 1,053,333 Warrants (exercisable at $1.00 for a period of
12 months) to various finders.
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 FO RWARD-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 of the Financing and the expected use of proceeds. 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 a ctual 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 disclaims 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.