K9 Gold Corp. Closes First Tranche of Private Placement and Announces Proposed Name Change to Americore Resources Corp.

Rhea-AI Summary

K9 Gold Corp (OTCQB: WDFCF) closed the first tranche of its non-brokered private placement on October 30, 2025, issuing 3,460,000 units at $0.25 per unit for gross proceeds of $865,000. Each unit includes one common share and one warrant exercisable at $0.35 until October 30, 2027. The company paid $13,000 in cash finders' fees and issued 52,000 finder warrants at the same strike and expiry. Securities are subject to a statutory hold period of four months and one day. The company also announced an intended name change to Americore Resources Corp., subject to TSX Venture Exchange approval; the effective date and new trading symbol will be announced after approval.

Positive

• Gross proceeds of $865,000 from the private placement
• Issued 3,460,000 units at $0.25 per unit
• Units include warrants exercisable at $0.35 until Oct 30, 2027
• Company intends to rebrand to Americore Resources Corp. pending approval

Negative

• Potential dilution from 3,460,000 warrants exercisable at $0.35
• Additional dilution from 52,000 finder warrants at $0.35
• Securities subject to a four-month-and-one-day statutory hold period
• Paid $13,000 in cash finders' fees

Vancouver, British Columbia--(Newsfile Corp. - October 30, 2025) - K9 Gold Corp. (TSXV: KNC) (OTCQB: WDFCF) (FSE: 5GP) (the "Company") is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement (originally announced on October 2, 2025 and amended on October 8, 2025).

The Company has issued 3,460,000 units at a price of $0.25 per unit, for gross proceeds of $865,000. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share of the Company at a price of $0.35 per share for a period of two (2) years, expiring October 30, 2027.

In connection with the closing of this tranche, the Company paid finders' fees totaling $13,000 in cash and issued 52,000 finder warrants, each exercisable to acquire one common share at a price of $0.35 for a period of two (2) years, expiring October 30, 2027.

The securities issued in this financing are subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable securities laws.

The Company also announces that it intends to change its name to Americore Resources Corp., subject to the approval of the TSX Venture Exchange. The effective date of the name change, and new trading symbol will be announced once approval has been received.

About K9 Gold Corp.

K9 Gold Corp. is a mineral exploration company focused on the acquisition, exploration, and development of mineral properties in North America. The Company's primary asset is the Trinity Silver Project in Pershing County, Nevada, which covers approximately 14,523 acres of owned and leased land and hosts a historic open-pit, heap-leach silver operation.

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/272632

FAQ

How much did K9 Gold (WDFCF) raise in the October 30, 2025 private placement?

$865,000 in gross proceeds from 3,460,000 units at $0.25 per unit.

What are the warrant terms issued by K9 Gold (WDFCF) on October 30, 2025?

Each unit included one warrant exercisable at $0.35 per share until October 30, 2027.

Will K9 Gold (WDFCF) change its name to Americore Resources Corp. and when?

The company announced its intention to change the name to Americore Resources Corp., subject to TSXV approval; the effective date will be announced after approval.

How many finder warrants and fees were paid in the financing by K9 Gold (WDFCF)?

The company paid $13,000 in cash finders' fees and issued 52,000 finder warrants exercisable at $0.35 until October 30, 2027.

When can investors trade the securities issued by K9 Gold (WDFCF)?

Securities are subject to a statutory hold period of four months and one day from issuance, delaying resale until that period lapses.