On May 31, 2022, K9 Gold Corp. closed the transaction. Each non flow through unit and flow through unit is comprised of one common share and one share purchase warrant exercisable for a period of two years at a price of CAD 0.20 per common share until May 25, 2024.
All securities issued pursuant to the transaction will be subject to a four month hold period expiring on September 27, 2022. The transaction included participation from 22 placees including insiders Brian Morrison for 264,286, Jeff Poloni for 63,750, Kosta Tsoutsis for 264,286. The company paid finder's fee of CAD 16,000 cash and 40,000 finder's to GloRes Securities Inc., 40,000 finder's warrants payable to RBC Investor Services Trust in Trust, CAD 88,000 cash and 450,000 finder's warrants payable to Roche Securities Ltd. Each finder's warrant will be exercisable for one common share in the capital of the company at an exercise price of CAD 0.20 for a two-year period from the date of issuance.
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement.