K2 Gold Corporation announced a non-brokered private placement of up to 10,000,000 units at a price of CAD 0.10 for the total gross proceeds of CAD 1,000,000 on January 22, 2024. Each unit will consist of one common share in the capital of the company and one nontransferable common share purchase warrant. Each warrant will be exercisable to acquire one share at a price of CAD 0.30 per share for a period of 12 months from the date of issuance subject to an acceleration clause.

The company may pay finder's fees on a portion of the offering, 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 period in accordance with applicable Canadian securities laws.