On February 15, 2024, K2 Gold Corporation closed the transaction. The company issued 10,450,000 units at an issue price of CAD 0.10 per unit for gross proceeds CAD 1,045,000. The company paid finders fees paid CAD 56,340 and 563,400 warrants exercisable for 12 months from the date of issuance to acquire common shares of the Company at an exercise price of CAD 0.30 per share. Finders Warrants have the same terms as the Unit Warrants. The transaction will include participation from insiders for 1,560,000 Common Shares.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 42 placees including existing insider involvement of 3 insiders for 1,560,000 and pro group involvement of seven pro groups for 2,535,000.