The Private Placement consisted of 4,285,714 non flow through units (the 'NFT Units') at a price of
Total proceeds of the Private Placement were
Proceeds from the private placement will be used for drilling and exploration on the
The NFT Units and the FT Units are subject to a four month hold period expiring on
In connection with the Private Placement, the Company paid a finder's fee of 630,000 Warrants exercisable at a price of
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.
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