K9 Gold Corp. announced a non-brokered private placement of up to 10,842,858 flow through shares at an issue price of CAD 0.07 per flow-through shares, for gross proceeds of approximately CAD 759,000 on December 14, 2022. The transaction will include a finder's fee of 8% cash and 8% common share purchase warrants payable on the placement of the flow-through shares.

The finder's warrants exercise price will be at CAD 0.07, exercisable for a period of 24 months. All securities issued pursuant to the transaction are subject to a four month hold period from the date of issuance, pursuant to relevant securities laws. The transaction is subject to customary closing conditions, including the approval from the TSX Venture Exchange.