GK Resources Ltd. announced that it has entered into an agreement with syndicate of agents led by PI Financial Corp. and Canaccord Genuity Corp. for a commercially reasonable efforts basis brokered private placement of up to 5,000,000 shares at a price of CAD 1 per share for gross proceeds of up to CAD 5,000,000 on November 27, 2019. The company has granted the agents an option exercisable, in whole or in part, up to two days prior to the closing of the transaction to increase the size up to 20% solely to cover over-allotments, if any, and for market stabilization purposes. The transaction is expected to close on or around December 18, 2019. The transaction is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the acceptance of the TSX Venture Exchange. All securities issued will be subject to a statutory hold period of four months and one day from the date of issuance.