K2 Gold Corporation announced a non-brokered private placement of up to 13,350,000 units at an issue price of CAD 0.15 per unit for gross proceeds of up to CAD 2,002,500 on January 9, 2023. Each unit will consist of one common share and one half of one non-transferable 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 24 months from the date of issuance.

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 period in accordance with applicable Canadian securities laws.