On August 22, 2023, K2 Gold Corporation closed the transaction. The company issued 8,756,666 charity flow-through shares at a price of CAD 0.16 per charity FT share for aggregate gross proceeds of CAD 1,401,066.56. The company will pay finders' fees in compliance with the policies of the TSX Venture Exchange and applicable securities legislation to arm's-length finders in connection with subscriptions from subscribers introduced by them, totaling CAD 49,032. The transaction included participation from insiders and acquired 1,529,999 charity FT shares in the offering. Closing of the offering is subject to certain customary conditions, including, but not limited to, the receipt of all necessary regulatory approvals and acceptance of the TSX Venture Exchange. All securities issued under the offering will be subject to a statutory hold period of four months in accordance with applicable Canadian securities laws.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 25 placees including existing insider involvement of 4 insiders for 1,529,999 and pro group involvement for 3 pro groups for 1,050,000.