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    KNC   CA4826271062

K9 GOLD CORP.

(KNC)
Delayed Bourse de Toronto  -  01:08 2022-12-02 pm EST
0.0550 CAD   -8.33%
11/18K9 Gold Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
CI
11/15K9 Gold Signs Share Purchase Agreement to Acquire the James Bay Lithium Project, N. Quebec
CI
10/19K9 Gold Confirms Continuity of Gold Mineralization; Intersects 1.52g/t Gold over 31.75m at Stony Lake
AQ
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K9 Gold Announces Closing Private Placement

06/01/2022 | 09:48am EST

Vancouver - K9 Gold Corp. (TSXV: KNC) (FSE: 5GP) (OTC: WDFCF) ('K9' or the 'Company') is pleased to announce it has closed its non-brokered private placement (the 'Private Placement') first announced on April 6, 2022 and amended on May 20, 2022.

The Private Placement consisted of 4,285,714 non flow through units (the 'NFT Units') at a price of $0.14 per NFT Unit for proceeds of $600,000 and 8,718,750 flow through units (the 'FT Units') at a price of $0.16 per FT Unit for proceeds of $1,395,000. Each NFT Unit and FT Unit is comprised of one common share and one share purchase warrant exercisable for a period of two years at a price of $0.20 per common share until May 25, 2024.

Total proceeds of the Private Placement were $1,995,000.

Proceeds from the private placement will be used for drilling and exploration on the Stony Lake gold project, particularly in the Jumper's Pond area, where drilling in late 2021 intersected multiple very wide zones of significant gold mineralization.

The NFT Units and the FT Units are subject to a four month hold period expiring on September 27, 2022.

In connection with the Private Placement, the Company paid a finder's fee of 630,000 Warrants exercisable at a price of $0.20 and $104,000 in Cash. No finder's fees or commissions are payable on that portion of the Private Placement being issued to the three persons considered to be insiders under MI 61-101.

As a total of 592,322 Units are being issued to three persons who are considered 'insiders' by virtue of their being directors or officers of the Company, the issuance of the Units to them is considered a 'related party transaction' pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ('MI 61-101').

Contact:

Tel: (833) 434-(4653)

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.

(C) 2022 Electronic News Publishing, source ENP Newswire

All news about K9 GOLD CORP.
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Financials
Sales 2021 - - -
Net income 2021 -3,52 M -2,61 M -2,61 M
Net cash 2021 2,05 M 1,53 M 1,53 M
P/E ratio 2021 -2,86x
Yield 2021 -
Capitalization 3,84 M 2,85 M 2,85 M
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float 94,6%
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Managers and Directors
Jeffery Poloni Chief Executive Officer & Director
Brian Patrick Morrison Chief Financial Officer & Director
Kosta Tsoutsis Director
Christopher Martin Healey Director & Chief Geologist
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