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K9 Gold Announces Closing of Private Placement Backed by Palisades Goldcorp to Accelerate Exploration at Stony Lake

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K9 Gold Corp. (TSXV: KNC) (FSE: 5GP) (OTC Pink: WDFCF) announces that further to its news release dated October 16, 2020, it has closed the non-brokered private placement for gross proceeds of $1,038,083. The closing consisted of 3,295,500 Units at a price of $0.315 per Unit. Each Unit will consist of one common share and one share purchase warrant. Each share purchase warrant being exercisable for a period of three years at a price of $0.42 per share. In accordance with applicable Canadian securities laws, all securities issued under the Offering are subject to a four month statutory hold period from the date of issuance. The Company paid a total of $20,046.60 and issued 50,840 broker warrants in finder’s fees. Proceeds from the Private Placement will be used for exploration on the Stony Lake East Gold Project.

 

About Palisades Goldcorp

 

Palisades Goldcorp is Canada’s resource focused merchant bank. Palisades’ management team has a demonstrated track record of making money and is backed by many of the industry’s most notable financiers. With junior resource equities valued at generational lows, management believes the sector is on the cusp of a major bull market move. Palisades is positioning itself with significant stakes in undervalued companies and assets with the goal of generating superior returns.

 

Posted October 30, 2020

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