K9 Gold Corp. Announces Private Placement of 1,428,571 Units for Proceeds of $100,000

Rhea-AI Summary

K9 Gold Corp. (TSXV: KNC) (OTCQB: WDFCF) (FSE: 5GP0) has announced a non-brokered private placement of 1,428,571 units at $0.07 per unit, aiming to raise $100,000. Each unit consists of one common share and one share purchase warrant, exercisable at $0.10 per share for five years from issuance. Insiders will participate in the financing, which is subject to TSX Venture Exchange approval. The proceeds will be used for general working capital purposes. Investors can contact K9 Gold Corp.'s Investor Relations at (604) 662-8184 or info@k9goldcorp.com for more information.

Positive

• Raising $100,000 through private placement for working capital
• Insider participation in the financing

Negative

• Potential dilution of existing shareholders due to new share issuance

News Market Reaction – WDFCF

-8.53%

1 alert

-8.53% News Effect

On the day this news was published, WDFCF declined 8.53%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

West Vancouver, British Columbia--(Newsfile Corp. - October 15, 2024) - K9 Gold Corp. (TSXV: KNC) (OTCQB: WDFCF) (FSE: 5GP0) ("KNC", "K9" or the "Company") is pleased to announce that it is engaging in a non-brokered private placement (the "Private Placement") of 1,428,571 units (the "Units") at a price of $0.07 per Unit. Each Unit is comprised of one common share and one share purchase warrant exercisable at a price of $0.10 per share for a period of five years from the date of issuance. Insiders of the company will be participating in the financing.

Proceeds of the Private Placement will be used to fund the Company's general working capital purposes.

The Private Placement is subject to the approval of the TSX Venture Exchange.

To find out more about K9 Gold Corp. please contact Investor Relations at (604) 662-8184 or email at info@k9goldcorp.com.

K9 GOLD CORP.

"Kosta Tsoutsis"
Chair of the Board of Directors

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.

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/226640

FAQ

What is the price per unit in K9 Gold Corp.'s private placement announced on October 15, 2024?

K9 Gold Corp. announced a private placement of units priced at $0.07 per unit.

How many units is K9 Gold Corp. (WDFCF) offering in its private placement?

K9 Gold Corp. is offering 1,428,571 units in its private placement.

What is the exercise price and duration of the warrants included in K9 Gold Corp.'s (WDFCF) private placement units?

The warrants included in the units are exercisable at $0.10 per share for a period of five years from the date of issuance.

How will K9 Gold Corp. (WDFCF) use the proceeds from its $100,000 private placement?

K9 Gold Corp. will use the proceeds from the private placement to fund the company's general working capital purposes.