K9 Gold Corp. announced a non-brokered private placement of up to 10,000,000 flow through units at a price of CAD 0.20 per unit for gross proceeds of CAD 2,000,000 and up to 5,000,000 non-flow through units at a price of CAD 0.15 per unit for gross proceeds of CAD 750,000, for aggregate gross proceeds of CAD 2,750,000 on April 6, 2022. Each unit will consist of one common share and one share purchase warrant.

Each warrant will be exercisable for a period of two years at a price of CAD 0.25 per share. The company will pay finder's fees of 8% cash and 8% warrants. All securities to be issued in the transaction will be subject to a four month hold period from the date of issuance.

The transaction is subject to approval from the TSX Venture Exchange.