K9 Gold closes financing tranche, plans name change

Executive Summary

• K9 Gold Corp. has closed the first tranche of its non-brokered private placement, raising gross proceeds of $865,000.
• The company intends to change its name to Americore Resources Corp., pending TSX Venture Exchange approval.
• The financing involved the issuance of units with associated warrants, and finders' fees were paid in cash and warrants.

Key Details

• Financing Structure: Non-brokered private placement.
• Units Issued: 3.46 million units.
• Price Per Unit: $0.25 CAD.
• Gross Proceeds: $865,000.
• Warrant Terms (Investors): Each unit includes one common share purchase warrant. Each warrant allows the purchase of one additional common share at $0.35 per share. Warrants expire on October 30, 2027 (2-year term).
• Finders' Fees: Total fees of $13,000 paid in cash.
• Finders' Warrants: 52,000 warrants issued to finders, exercisable at $0.35 per share, expiring October 30, 2027.
• Hold Period: Securities are subject to a statutory hold period of four months and one day from the date of issuance.
• Name Change: Company intends to change name to "Americore Resources Corp." Subject to TSX Venture Exchange approval. Effective date and new trading symbol to be announced upon approval.
• Company Profile: K9 Gold is a mineral exploration company focused on North American properties, primarily the Trinity silver project in Pershing County, Nevada (14,523 acres).

Notable Quotes

• None provided in the text.