K2 Gold Closes Oversubscribed Private Placement to Fund Mojave Project

K2 Gold ( (TSE:KTO) ) just unveiled an update.

K2 Gold Corporation has successfully closed an oversubscribed non-brokered private placement, raising gross proceeds of C$3,673,000. The funds will be used for exploration and permitting at the Mojave project and for general working capital. The offering included the issuance of units comprising common shares and warrants, with an acceleration clause for the warrants. The closing is subject to regulatory approvals, and all securities will be under a statutory hold period. This financing strengthens K2 Gold’s financial position, enabling further development of its key project, potentially enhancing its market position and stakeholder value.

More about K2 Gold

K2 Gold Corporation operates in the gold exploration industry, focusing on the exploration and development of gold projects. The company’s primary project is the Mojave Gold project located in Inyo County, California, USA.

YTD Price Performance: 53.85%

Average Trading Volume: 208,097

Technical Sentiment Consensus Rating: Hold

Current Market Cap: C$25.28M

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