K9 Gold Corp. Closes 2nd Tranche of PP

Executive Summary

• K9 Gold Corp. closed the second tranche of its previously announced non‑brokered private placement, issuing 400,000 units at $0.25 per unit for gross proceeds of $100,000.
• Each unit consists of one common share and one warrant to purchase an additional share at $0.35 for two years; no finder's fees were paid and all securities are subject to a four‑month‑plus hold period.
• The company increased its marketing services under the Capitaliz Agreement by an additional $100,000, funded from existing working capital.

Key Details

• Units Issued: 400,000 units @ $0.25 per unit → Gross proceeds: $100,000.
• Unit Composition: 1 common share + 1 common share purchase warrant per unit.
• Warrant Terms: Right to purchase one additional common share at $0.35; exercisable for two years from issuance date.
• Hold Period: Statutory hold period of four months and one day applies to all securities issued in the second tranche.
• Finder’s Fees: None paid in connection with the second tranche.
• Insider Participation: No insiders participated in the transaction.
• Exchange Acceptance: Offering remains subject to final acceptance by the TSX Venture Exchange.
• Marketing Agreement Update: Additional $100,000 paid to Capitaliz for expanded marketing services; payment sourced from existing general working capital.

Notable Quotes

(No direct quotes were included in the release.)