K2 Gold Corporation announced a non-brokered private placement of up to 7,500,000 national charity flow-through shares at an issue price of CAD 0.16 per unit for gross proceeds of up to CAD 1,200,000 on July 27 2023. The transaction may include participation from management of the company. The company may pay finder's fees, subject to compliance with the policies of the TSX Venture Exchange and applicable securities legislation.

The closing of the offering is subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. All securities issued pursuant to the Offering will be subject to a four-month hold and one day period in accordance with applicable Canadian securities laws. The transaction is expected to close on or about August 15, 2023.