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K9 Gold (TSXV:KNC) announces $2.75M private placement

Mining, The Market Online Deal Room
TSXV:KNC
06 April 2022 09:30 (EDT)

Source: K9 Gold.

K9 Gold Corp. (KNC) has announced a non-brokered private placement for gross proceeds of up to $2.75 million.

The company will issue up to 10,000,000 flow-through units and up to 5,000,000 non-flow-through units.

Each unit and FT Unit will consist of one common share and one share purchase warrant, with each whole share purchase warrant being exercisable for a period of two years at a price of $0.25 per share.

Proceeds will be used for drilling and exploration on the Stony Lake Project in Newfoundland.

All securities issued pursuant to this financing are subject to a four-month hold period from the date of issuance.

K9 Gold is a mineral exploration company with interests in Utah and Newfoundland.

K9 Gold Corp. (KNC) opened trading at C$0.165 per share.

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