In the April News Release, the Company announced a non-brokered private placement (the 'Private Placement') of up to 10,000,000 flow through units (the 'FT Units') at a price of
The Company is amending the terms of the Private Placement to provide for the sale of 8,718,750 FT Units at a price of
Proceeds from the Private Placement will be used for drilling and exploration on the
As previously announced, the Private Placement may include commissions of 8% cash and 8% warrants payable both on the placement of the FT Units and on the placement of the Units.
All securities issued pursuant to the Private Placement are subject to a four month hold period from the date of issuance. The Private Placement is subject to approval from the
Contact:
Tel: 604 808-9134
Email: kosta@k9goldcorp.com
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding K9's intention to continue to identify potential transactions and make certain corporate changes and applications. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits K9 will obtain from them. These forward-looking statements reflect managements' current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause actual results to differ materially from those expressed or implied by the forward-looking statements, including K9's inability to identify transactions having satisfactory terms or at all and the results of exploration or review of properties that K9 does acquire. These forward-looking statements are made as of the date of this news release and K9 assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws
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