K9 Gold Corp. Raises $2.5M for Nevada, Newfoundland Projects
K9 Gold Corp., a North American precious metal explorer listed on the TSX Venture Exchange, is conducting a non-brokered private placement financing to raise up to $2.5 million. The company is focused on advancing its Trinity Silver Project in Nevada and Stony Lake Gold Project in Newfoundland.
The financing involves the issuance of up to 10,000,000 units at $0.25 per unit, with each unit consisting of one common share and one non-transferable common share purchase warrant exercisable at $0.35 per share for 24 months. Proceeds will be used to fund exploration at the two projects and for general working capital purposes.
K9 Gold Corp. has also appointed Michael Rowley as a director and made a deposit payment of $50,000 towards the Trinity Silver Project. Additionally, the company has engaged Capitaliz for marketing and investor awareness services for a six-month term, with a fee of $100,000. The Trinity Agreement, a fundamental acquisition, requires an independent technical report under NI 43-101. Both the private placement and the Capitaliz agreement are subject to TSX Venture Exchange acceptance and applicable securities law hold periods.
K9 Gold Corp.'s private placement financing and new appointments aim to strengthen its exploration efforts at the Trinity Silver Project and Stony Lake Gold Project. The company's engagement with Capitaliz and adherence to regulatory requirements demonstrate a commitment to transparency and growth.
Read also:
- Crooked House Pub's Demolition: Council Orders Rebuild, Debate on Historic Building Protections
- Shaping India's Economic Progression: Readying the Financial System for Tomorrow
- Conflict between Ben & Jerry's co-founder and Unilever over Gaza issues leads to resignation of co-founder
- Tesla Expands Supercharger Network in Canada by Over 630 Stalls by 2025
