K2 Gold increases private placement to $25-million

Executive Summary

• K2 Gold Corp. has upsized its previously announced non-brokered private placement to raise up to CDN$25 million due to strong investor demand.
• The company will issue up to 35,714,286 common shares at a price of 70 cents per share, with net proceeds intended for exploration at the Mojave and Si2 projects and general corporate purposes.
• The release includes a clarification regarding the Si2 property acquisition, correcting an administrative error from a prior news release dated December 22, 2025.

Key Details

• Financing Structure: Non-brokered private placement upsized to up to CDN$25 million in gross proceeds.
• Share Issuance: Up to 35,714,286 common shares.
• Price: 70 cents per share.
• Regulatory Exemption: Offered pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106, as amended by Coordinated Blanket Order 45-935.
• Hold Period: No statutory hold period in Canada (except for the four-month hold period applicable to TSX Venture Exchange listings). Securities issued outside the exemption are subject to a four-month hold period.
• Use of Proceeds: Exploration at the Mojave and Si2 projects, and general corporate purposes.
• Closing: Expected as soon as practicable, subject to customary closing conditions including TSX-V approval.
• Finder’s Fees: The company may pay finders' fees to eligible arm's-length finders in accordance with TSX-V policies.
• Si2 Property Clarification: The Si2 property consists of 65 lode claims on BLM ground under option from Orogen Royalties Inc., and 53 contiguous claims staked by K2 in 2022.

Notable Quotes

• None explicitly quoted in the text, though the release notes the company is led by a team with significant transaction history.