Closing of Private Placement for Total Proceeds of $100,000
K9 Gold Corp. (TSXV: KNC) (OTCQB: WDFCF) has completed a Private Placement raising $100,000 through the issuance of 1,428,570 units at $0.07 per unit. Each unit consists of one common share and one share purchase warrant, exercisable at $0.10 per share for five years. Two insiders participated, acquiring 803,572 units. The proceeds will be used for general working capital. The shares and warrants are subject to a four-month hold period ending March 1st, 2025. No commissions were paid for this financing.
K9 Gold Corp. (TSXV: KNC) (OTCQB: WDFCF) ha completato un Collocamento Privato raccogliendo 100.000 dollari attraverso l'emissione di 1.428.570 unità a 0,07 dollari per unità. Ogni unità consiste in un'azione comune e un warrant d'acquisto di azioni, esercitabile a 0,10 dollari per azione per cinque anni. Due membri interni hanno partecipato, acquisendo 803.572 unità. I proventi saranno utilizzati per il capitale di lavoro generale. Le azioni e i warrant sono soggetti a un periodo di blocco di quattro mesi che termina il 1° marzo 2025. Non sono state pagate commissioni per questo finanziamento.
K9 Gold Corp. (TSXV: KNC) (OTCQB: WDFCF) ha completado un Colocación Privada recaudando 100,000 dólares a través de la emisión de 1,428,570 unidades a 0.07 dólares por unidad. Cada unidad consiste en una acción común y un warrant de compra de acciones, que se puede ejercer a 0.10 dólares por acción durante cinco años. Dos miembros internos participaron, adquiriendo 803,572 unidades. Los fondos se utilizarán para capital de trabajo general. Las acciones y los warrants están sujetos a un período de retención de cuatro meses que termina el 1 de marzo de 2025. No se pagaron comisiones por esta financiación.
K9 Gold Corp. (TSXV: KNC) (OTCQB: WDFCF)는 1,428,570 유닛을 단위당 0.07 달러에 발행하여 100,000 달러를 조달하는 사모 배정을 완료했습니다. 각 유닛은 하나의 보통주와 하나의 주식 구매 보증서를 포함하며, 이는 5년 동안 주당 0.10 달러에 행사할 수 있습니다. 두 명의 내부자가 참여하여 803,572 유닛을 인수했습니다. 모금된 자금은 일반 운영 자본에 사용될 예정입니다. 주식과 보증서는 2025년 3월 1일에 종료되는 4개월의 보유 기간에 적용됩니다. 이 자금 조달을 위해 수수료는 지불되지 않았습니다.
K9 Gold Corp. (TSXV: KNC) (OTCQB: WDFCF) a complété un Placement Privé levant 100 000 dollars grâce à l'émission de 1 428 570 unités au prix de 0,07 dollar par unité. Chaque unité se compose d'une action ordinaire et d'un bon de souscription d'actions, exerçable à 0,10 dollar par action pendant cinq ans. Deux initiés ont participé, acquérant 803 572 unités. Les fonds seront utilisés pour le capital de travail général. Les actions et les bons sont soumis à une période de blocage de quatre mois se terminant le 1er mars 2025. Aucune commission n'a été versée pour ce financement.
K9 Gold Corp. (TSXV: KNC) (OTCQB: WDFCF) hat eine Private Placement abgeschlossen und 100.000 US-Dollar durch die Ausgabe von 1.428.570 Einheiten zu je 0,07 US-Dollar pro Einheit eingesammelt. Jede Einheit besteht aus einer Stammaktie und einem Aktienkauf-Warrant, der für fünf Jahre zu 0,10 US-Dollar pro Aktie ausgeübt werden kann. Zwei Insider haben teilgenommen und 803.572 Einheiten erworben. Die Einnahmen werden für das allgemeine Betriebskapital verwendet. Die Aktien und Warrants unterliegen einer viermonatigen Haltedauer, die am 1. März 2025 endet. Für diese Finanzierung wurden keine Provisionen gezahlt.
- Insider participation in financing shows management confidence
- Successfully raised $100,000 in working capital
- No commission costs associated with the placement
- Small financing amount may indicate growth potential
- Significant insider participation (56% of placement) suggests external investor interest
- Dilutive effect on existing shareholders
West Vancouver, British Columbia--(Newsfile Corp. - October 28, 2024) - K9 Gold Corp. (TSXV: KNC) (OTCQB: WDFCF) (FSE: 5GP0) ("K9" or the "Company") is pleased to announce it has closed its Private Placement which was comprised of 1,428,570 units (the "Units") at a price of
The common shares comprising a portion of the Units, and any common shares issued upon exercise of Warrants, are subject to a four month Exchange hold period expiring on March 1st, 2025
Proceeds from the Additional Private Placement will be used for general working capital.
Two insiders participated in this financing for a total of 803,572 units.
No commissions were paid in conjunction with the Private Placement.
Toll Free Number: (833) 434-GOLD (4653)
Kosta Tsoutsis
Director
K9 Gold Corp.
email: kosta@k9goldcorp.com
Telephone: 604 808-9134
Brian Morrison
Chief Financial Officer and Director
K9 Gold Corp.
email: brian@k9goldcorp.com
telephone: 604 312-6910
The Company is listed on the TSX Venture Exchange.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding K9's intention to continue to identify potential transactions and make certain corporate changes and applications. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits K9 will obtain from them. These forward-looking statements reflect managements' current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause actual results to differ materially from those expressed or implied by the forward-looking statements, including K9's inability to identify transactions having satisfactory terms or at all and the results of exploration or review of properties that K9 does acquire. These forward-looking statements are made as of the date of this news release and K9 assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228089
FAQ
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