BULLETIN V2024-0561
K2 GOLD CORPORATION ("KTO")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 20, 2024
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on January 22, 2024:
Number of Shares: 10,450,000 shares
Purchase Price: $0.10 per share
Warrants: 10,450,000 share purchase warrants to purchase 10,450,000 shares
Warrant Exercise Price: $0.30 for a one-year period, subject to accelerated expiry
Number of Placees: 42 Placees
Insider / Pro Group Participation:
Placees # of Placee (s) Aggregate # of Shares
Aggregate Existing Insider Involvement: 3 1,560,000
Aggregate Pro Group Involvement: 7 2,535,000
Aggregate Cash Amount Aggregate #
of Shares Aggregate #
of Warrants
Finder's Fee: $56,340 NA 563,400
Finder's Warrants Terms: Each warrant entitles the holder to purchase one common share at the price of $0.30 for a period of 1 year from the date of issuance.
The Company issued a news release on February 15, 2024 confirming closing of the private placement. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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