K2 Gold Announces Upsize of Non-Brokered Private Placement to up to CDN$25.25 Million

Core Viewpoint - K2 Gold Corporation has announced an increase in its non-brokered private placement, intending to issue up to 36,071,429 common shares at a price of CDN$0.70 per share, aiming for total gross proceeds of approximately CDN$25,250,000 [1] Group 1: Offering Details - The Offered Shares will be available to purchasers in Canadian provinces and territories, excluding Quebec, under the Listed Issuer Financing Exemption [2] - The Offering is not subject to a statutory hold period in Canada, except for a four-month hold period applicable under the TSX Venture Exchange [2] - An amended and restated Offering Document is available for prospective investors to review before making investment decisions [3] Group 2: Use of Proceeds - The net proceeds from the Offering will be utilized for exploration at the Mojave and Si2 projects, as well as for general corporate purposes [5] Group 3: Project Highlights - The Mojave Project is a 5,830-hectare oxide gold project in California, with notable drilling results including 6.68 g/t Au over 45.72m at the Dragonfly Zone [9] - The Si2 Project is located in Nevada and has shown potential for higher-grade gold deposits based on recent geological studies [10][11] - The Wels Project has intersected gold in all 12 drill holes during the 2023 drilling program, indicating a new mineralized corridor [13] Group 4: Company Background - K2 Gold Corporation is led by a team with a track record of over $2.6 billion in gold transactions, including significant sales by Great Bear Resources and Kaminak Gold [8] - K2 is part of Discovery Group, which has been responsible for the discovery of over 10 million ounces of gold [8]