K9 Gold Announces Private Placement of up to 4,000,000 Units for Proceeds of up to $400,000

Rhea-AI Summary

K9 Gold Corp. (OTCQB: WDFCF) has announced a private placement offering of up to 4,000,000 units at $0.10 per unit, potentially raising up to $400,000. Each unit consists of one common share and one share purchase warrant, with warrants exercisable at $0.15 per share for three years from issuance.

The proceeds will be allocated towards general working capital and exploration activities. Company insiders may participate in the placement, which remains subject to TSX Venture Exchange approval.

Positive

• Potential to raise up to $400,000 for working capital and exploration
• Warrant exercise price of $0.15 represents 50% premium to unit price
• Three-year warrant term provides extended funding opportunity

Negative

• Offering price of $0.10 per unit may cause dilution to existing shareholders
• No specific allocation details provided for use of proceeds

News Market Reaction

+0.68%

1 alert

+0.68% News Effect

On the day this news was published, WDFCF gained 0.68%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

West Vancouver, British Columbia--(Newsfile Corp. - August 5, 2025) - K9 Gold Corp. (TSXV: KNC) (FSE: 5GP0) (OTCQB: WDFCF) ("K9" or the "Company") is pleased to announce that it is engaging in a private placement (the "Private Placement") of up to 4,000,000 units (the "Units") at a price of $0.10 per Unit. Each Unit is comprised of one common share and one share purchase warrant exercisable at a price of $0.15 per share for a period of three years from the date of issuance.

Proceeds of the Private Placement will be used to for general working capital purposes and exploration.

Insiders of the Company may be participating in the Private Placement.

The Private Placement is conditional upon the approval of the TSX Venture Exchange.

Kosta Tsoutsis
Director
K9 Gold Corp.
email: kosta@k9goldcorp.com
telephone: 604 808-9134

Brian Morrison
Chief Financial Officer and Director
K9 Gold Corp.
email: brian@k9goldcorp.com
telephone: 604 312-6910

The Company is listed on the TSX Venture Exchange.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding K9's intention to continue to identify potential transactions and make certain corporate changes and applications. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits K9 will obtain from them. These forward-looking statements reflect managements' current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause actual results to differ materially from those expressed or implied by the forward-looking statements, including K9's inability to identify transactions having satisfactory terms or at all and the results of exploration or review of properties that K9 does acquire. These forward-looking statements are made as of the date of this news release and K9 assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/261368

FAQ

What are the terms of K9 Gold Corp's (WDFCF) August 2025 private placement?

K9 Gold is offering up to 4,000,000 units at $0.10 per unit, with each unit including one common share and one warrant exercisable at $0.15 for three years.

How much money is K9 Gold (WDFCF) looking to raise in its private placement?

K9 Gold aims to raise up to $400,000 through the private placement offering.

What will K9 Gold (WDFCF) use the private placement proceeds for?

The proceeds will be used for general working capital purposes and exploration activities.

Are K9 Gold (WDFCF) insiders participating in the private placement?

The company stated that insiders may participate in the private placement, though specific commitments were not disclosed.

What regulatory approvals does K9 Gold (WDFCF) need for the private placement?

The private placement requires approval from the TSX Venture Exchange to proceed.