K2 Gold Closes Oversubscribed Private Placement and Raises $1,046,500
Suite 1020 – 800 West Pender Street, Vancouver, BC V6C 2V6
Tel: 604-646-8354 Fax: 604-646-4526
TSX-V: KTO
NEWS RELEASE
K2 Gold Closes Oversubscribed Private Placement and Raises
$1,046,500
June 12, 201 8 – Vancouver, BC, Canada . – K2 Gold Corporation (the "Company" or " K2 Gold", TSX -V:
KTO) is pleased to announce that further to its news release on June 8 , 2018, the Company has now
received TSX approval to issue a total of 4,122,000 Common Shares in connection with the closing of its
oversubscribed private placement for gross proceeds of $ 1,046,500, representing an over subscription
of 40%.
The Company has issued 3,802,000 non-flow-through units (each, a “NFT Unit”) at a price of $0.25,
consisting of one common share and one full common share purchase warrant entitling the holder to
acquire one additional common share at a price $0.37 per share for a period of twelve (12) months. The
common share purchase warrants are subject to acceleration at the Company’s discretion in the even t
the Company’s common shares trade on a volume weighted average price (VWAP) basis of $0.60 or
more for a period of ten consecutive trading days.
The Company has also issued 320,000 flow-through units (each, a “FT Unit”) at a price of $0.30,
consisting o f one common share and one-half -of-one common share purchase warrant entitling the
holder to acquire one additional common share at a price $0.4 5 per share for a period of twelve (12)
months. The common share purchase warrants are subject to acceleration o n the same terms as the
NFT Unit warrants.
The securities issued by K2 Gold in connection with the private placement are subject to a four month
hold period expiring on October 12, 2018, as prescribed by applicable securities laws. Insiders
subscribed for 402,000 Units in connection with the placement and the Company paid $35,010.00 and
issued 136,200 broker’s warrants in payment of finder’s fees. Broker’s warrants have the same terms as
the NFT and FT warrants.
Following issuance of these securities, K2 Gold now has 23,103,787 common shares issued and
outstanding.
About K2 Gold Corporation
K2 Gold Corporation is a junior mineral exploration company focused on building a portfolio of gold
exploration projects in the Yukon and Alaska, including the Wels Property located approximately 185 km
south of Dawson City, Yukon. In addition to Wels the Company is conducting exploration at the Flume,
Storck, Ladue, and McArthur Creek properties in the South Klondike district. The Company has
assembled an experience d management team and board of directors with a track record of discovery
success.
ON BEHALF OF THE BOARD
“Stephen Swatton”
Stephen Swatton, President, CEO & Director
Inquiries:
Tel: 604-331-5090
Fax: 604-646-4526
http://k2gold.com/
Neither 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 o f this release.
This new release may contain forward -looking statements. These statements are based on current expectations
and assumptions that are subject to risks and uncertainties. Actual results could differ materially becau se of factors
discussed in the management discussion and analysis section of our interim and most recent annual financial
statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities
regulations. We do not assume any obligation to update any forward-looking statements.
This news release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale
of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any
of the securities in the United States of America. No securities of the Company have been or will, in the foreseeable
future, be registered under the United States Securities Act of 1933 (the “1933 Act”) or any state securities laws
and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined
in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or
an exemption from such registration requirements is available.
We seek safe harbor