K9 Gold Corp. (TSXV:KNC) announced a non-brokered private placement of units at a price of CAD 0.30 per unit, for gross proceeds of up to CAD 2,250,000 on May 4, 2021. Each unit will consist of one common share and one common share purchase warrant. The transaction will include participation from new investor Eric Sprott for the gross proceeds of CAD 2,000,000. Each whole share purchase warrant will be exercisable for a period of 36 months at a price of CAD 0.40 per share. The company may pay finder’s fees in the transaction. All securities issued pursuant to the transaction are subject to a four month hold period from the date of issuance. The transaction is subject to approval from the TSX Venture Exchange.