Source: K9 Gold.
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  • K9 Gold (KNC) has announced amendments to its C$2.75M private placement
  • Updates include exact share offerings and a lower warrant exercise price
  • The company will use the proceeds for drilling and exploration on the Stony Lake Gold Project in Newfoundland
  • K9 Gold is a mineral exploration and development company active in the U.S. and Canada
  • K9 Gold (KNC) is down by 3.7 per cent trading at $0.13 per share

K9 Gold (KNC) has announced amendments to its C$2.75M private placement.

The previously announced financing will now involve the sale of 8,718,750 flow-through units priced at $0.16 for gross proceeds of $1,395,000, as well as the sale of 4,285,713 units priced at $0.14 for gross proceeds of $600,000.

Each unit and flow-through unit consist of one common share and one share purchase warrant, with each warrant exercisable at $0.20 per share.

K9 will use the proceeds for drilling and exploration on the Stony Lake Gold Project in Newfoundland, where late 2021 drilling in the Jumper’s Pond area intersected multiple wide zones of significant gold mineralization.

K9 Gold is a mineral exploration and development company active in the U.S. and Canada.

K9 Gold (KNC) is down by 3.7 per cent trading at $0.13 per share as of 3:04 pm EST.

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