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

Executive Summary

• K9 Gold Corp. closed the first tranche of its non‑brokered private placement, 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 to purchase an additional share at $0.35; warrants are exercisable for two years (expires 30 Oct 2027).
• The company paid $13,000 in finder fees and issued 52,000 finder warrants on the same terms.

Key Details

• Units Issued: 3,460,000 units @ $0.25 each → Gross proceeds: $865,000.
• Unit Composition: 1 common share + 1 common‑share purchase warrant (exercise price $0.35, 2‑year term, expires 30 Oct 2027).
• Finder Compensation: $13,000 cash paid; 52,000 finder warrants issued (same exercise price and term as above).
• Statutory Hold Period: Securities subject to a four‑month‑plus‑one‑day hold period from issuance.
• Name Change Announcement: Company intends to rename itself Americore Resources Corp., pending TSX Venture Exchange approval; effective date and new ticker to be announced after approval.

Notable Quotes

(No executive quotes were included in the release.)