GK Resources Ltd. announced a non-brokered private placement of up to 6,666,667 common shares at a price of CAD 0.03 per share for gross proceeds of up to CAD 200,000.01 on March 1, 2024. Closing of the transaction is subject to receipt of all necessary approvals, including that of the board and the NEX board of the TSX Venture Exchange. All securities issued in connection with the transaction will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation in Canada.

Certain directors and officers of the company will participate in the transaction.