K9 Gold to Complete Rollback

Rhea-AI Summary

K9 Gold Corp. announces a share consolidation on a 1:10 basis effective February 23, 2024. The company will have approximately 9,013,600 common shares issued and outstanding post-consolidation. No fractional shares will be issued.

West Vancouver, British Columbia--(Newsfile Corp. - February 21, 2024) - K9 Gold Corp. (TSXV: KNC) (FSE: 5GP) (OTCQB: WDFCF) ("K9" or the "Company") announces that effective February 23, 2024, K9 Gold will implement the previously announced share consolidation on the basis of one postconsolidation common share for ten preconsolidation common shares. The share consolidation was approved by a director's resolution dated January 16th, 2024, and the company has received approval from the TSX Venture Exchange.

Following the share consolidation, the common shares are scheduled to begin trading on a postconsolidation basis at market open on February 23, 2024. The new Cusip number will be 482627205, and the new ISIN number will be CA4826272052. Following the share consolidation, the company will have approximately 9,013,600 common shares issued and outstanding prior to rounding for fractional shares.

No fractional shares shall be issued in connection with the share consolidation. Any fractional share resulting from the share consolidation will be rounded down to the nearest whole number, and any such fractional interest will be cancelled without consideration.

About K9 Gold Corp

K9 Gold Corp has assembled a highly-experienced and dynamic team to explore its JB Lithium Project. K9 also operates the Stony Lake Gold Project in central Newfoundland. The project has been acquired from District Copper Corp by an option agreement, whereby K9 can earn up to a 100% interest in the project (see Company release dated July 30, 2020). The Company also owns a 100% interest in the Desert Eagle Vanadium-Uranium project located in the historic Henry Mountains Mining District in SE Utah. The area has seen extensive historic vanadium and uranium mining and is close to Anfield Energy Inc's Shootaring Canyon mill.

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/198731

FAQ

What is the effective date of K9 Gold Corp.'s share consolidation?

The share consolidation will be effective on February 23, 2024.

What is the ratio of the share consolidation for K9 Gold Corp.?

The share consolidation will be on the basis of one post-consolidation common share for ten pre-consolidation common shares.

How many common shares will K9 Gold Corp. have post-consolidation?

Following the consolidation, the company will have approximately 9,013,600 common shares issued and outstanding.

Will fractional shares be issued after the share consolidation?

No, no fractional shares will be issued. Any fractional share resulting from the consolidation will be rounded down to the nearest whole number and cancelled without consideration.