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K2 Closes C$7 Million Bought Deal Private Placement
K2 Closes C$7 Million Bought Deal Private Placement Canada NewsWire ...
About this update from K2 Gold Corporation
[{"type":"text","content":"\n \n \n \n K2 Closes C$7 Million Bought Deal Private Placement\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TSX-V:  KTO\n \n \n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWS WIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Dec. 30, 2020\n \n /CNW/ - K2 Gold Corporation (\"\n \n K2\n \n \" or the\n \n \"Company\"\n \n ) (TSXV: KTO) (OTCQB: KTGDF) (\n \n FRANKFURT\n \n :\n \n 23K\n \n ) is pleased to announce that it has closed its previously announced over-subscribed bought deal private placement financing by issuing a total of 12.5 million units (\"\n \n Units\n \n \") at a price of\n \n C$0.56\n \n per Unit, for aggregate gross proceeds of\n \n C$7.0 million\n \n (the \"\n \n Offering\n \n \").\n \n \n Haywood Securities Inc., acted as lead underwriter on behalf of a syndicate of underwriters including PI Financial Corp., Canaccord Genuity Corp., and Cormark Securities Inc (the \"Underwriters\")\n \n \n Each Unit consists of one common share of the Company (a \"\n \n Common Share\n \n \") and one half of one common share purchase warrant (each whole common share purchase warrant, a \"\n \n Warrant\n \n \").  Each whole Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of\n \n C$0.75\n \n until\n \n December 30, 2022\n \n , provided that if, at any time prior to\n \n December 30, 2022\n \n , the volume weighted average trading price of the Common Shares on the TSX Venture Exchange (the \"\n \n Exchange\n \n \") is equal to or greater than\n \n C$1.00\n \n for 20 consecutive trading days, the Company may, within 15 days of the occurrence of such event, deliver a notice to the holders of Warrants accelerating the expiry date of the Warrants to the date that is 30 days following the date of such notice (the \"\n \n Accelerated Exercise Period\n \n \"). Any unexercised Warrants shall automatically expire at the end of the Accelerated Exercise Period.\n \n \...