- K2 Gold Corporation (KTO) has announced a non-brokered private placement for gross proceeds of up to $2,000,000
- The company will issue up to 13,350,000 units at $0.15 per unit
- Net proceeds will be used primarily to fund exploration and advancement work on the company’s Si2 Gold project in Nevada and ongoing permitting at the Mojave project in California
- K2 Gold is a gold exploration company with projects in SW USA and Yukon
- K2 Gold Corporation (KTO) opened trading at C$0.18
K2 Gold Corporation (KTO) has announced a non-brokered private placement for gross proceeds of up to $2,000,000.
Under the offering, the company will issue up to 13,350,000 units at $0.15 per unit. Each unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant will be exercisable to acquire one additional share at a price of $0.30 for a period of two years.
Net proceeds will be used to fund exploration and advancement work on the company’s Si2 Gold project in Nevada, ongoing permitting at the Mojave project in southern California and general working capital.
All securities issued will be subject to a statutory four-month hold period.
K2 Gold is a gold exploration company with projects in SW USA and Yukon.
K2 Gold Corporation (KTO) opened trading at C$0.18.