- K9 Gold (KNC) has closed its non-brokered private placement for gross proceeds of $1,995,000
- Proceeds will be used for drilling and exploration on the Stony Lake Gold Project in central Newfoundland
- K9 Gold is a mineral exploration and development company
- K9 Gold Corp. (KNC) remains unchanged, trading at C$0.11 per share at 12:55 pm ET
K9 Gold (KNC) has closed its non-brokered private placement for gross proceeds of $1,995,000.
Proceeds from the previously announced offering will be used for drilling and exploration on the Stony Lake Gold Project in central Newfoundland, particularly in the Jumper’s Pond area.
The placement consisted of 4,285,714 non flow through units for proceeds of $600,000 and 8,718,750 flow through units for proceeds of $1,395,000.
Each unit comprises one common share and one share purchase warrant exercisable for two years at $0.20 per common share until May 25, 2024.
The NFT and FT units are subject to a four-month hold period expiring on September 27, 2022.
The company paid a finder’s fee of 630,000 warrants and $104,000 in cash.
K9 Gold is a mineral exploration and development company. It is engaged in identifying, acquiring, and exploring mineral interests with a business presence in Canada and the USA.
K9 Gold Corp. (KNC) remains unchanged, trading at C$0.11 per share at 12:55 pm ET.
