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An announcement from K2 Gold ( (TSE:KTO) ) is now available.
K2 Gold Corporation has announced a non-brokered private placement to raise CAD $2 million by issuing up to 13,333,333 units at CDN $0.15 per share. The funds will be used for exploration and permitting at the Mojave Gold project in California, as well as for general working capital. The Mojave project is notable for its significant oxide gold and base metal targets, with past successful drilling results. The offering is subject to regulatory approvals, and securities issued will be under a four-month hold period.
More about K2 Gold
K2 Gold Corporation is a member of the Discovery Group with projects located in the Southwest USA and the Yukon. The company focuses on gold exploration and development, particularly through its Mojave project in California, which boasts multiple surface gold targets and has seen successful drilling in the past.
YTD Price Performance: 23.08%
Average Trading Volume: 131,795
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$20.23M
See more insights into KTO stock on TipRanks’ Stock Analysis page.
