K2 Gold Announces Non-Brokered Private Placement to Raise up to CAD $15 Million

Executive Summary

• K2 Gold Corp. announced a non‑brokered private placement of up to 21,428,572 common shares at CDN $0.70 per share for gross proceeds of up to CDN $15 million.
• Net proceeds are earmarked for exploration activities at the Mojave (California) and Si2 (Nevada) projects, as well as general corporate purposes.
• The offering is being made under the NI 45‑106 listed issuer financing exemption; closing is expected “as soon as practicable” subject to customary conditions.

Key Details

• Offered Shares: Up to 21,428,572 common shares.
• Offering Price: CDN $0.70 per share.
• Gross Proceeds Target: Up to CDN $15,000,000.
• Placement Type: Non‑brokered private placement; exempt offering under Part 5A of NI 45‑106 (listed issuer financing exemption).
• Geographic Scope: Offered to investors in all Canadian provinces/territories except Quebec; may also be offered outside Canada where permissible.
• Hold Period: No statutory hold period in Canada, except the TSXV’s four‑month hold period applies.
• Use of Proceeds:
• Exploration at the Mojave Project (5,830 ha oxide gold project in California).
• Exploration at the Si2 Project (low‑sulphidation epithermal gold system in Nevada).
• General corporate purposes.
• Closing Conditions: Subject to receipt of all required regulatory approvals, including TSXV approval, and other customary closing conditions.
• Finder’s Fees: Company may pay eligible arm’s‑length finders in accordance with TSXV policies.
• Regulatory Disclaimers: Securities not registered under U.S. securities laws; offering not a solicitation for U.S. investors.

Notable Quotes

“K2 is committed to responsible exploration, safety, Indigenous and community engagement, and advancing high‑quality projects through a collaborative and technically disciplined approach.” – Anthony Margarit, President & CEO

All forward‑looking statements are subject to risks and uncertainties as detailed in the release.