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K2 Gold Completes Termination of Option Agreement on Flume Property
VANCOUVER, British Columbia, Sept. 25, 2018 (GLOBE NEWSWIRE) -- K2 Gold Corporation (the "Company" or "K2 Gold", TSX-V: KTO) announces that further to its news
About this update from K2 Gold Corporation
[{"type":"text","content":" VANCOUVER, British Columbia, Sept. 25, 2018 (GLOBE NEWSWIRE) -- K2 Gold Corporation (the \"Company\" or \"K2 Gold\", TSX-V: KTO) announces that further to its news release on August 23, 2018, the Company has received approval from the TSX Venture Exchange and issued 285,283 common shares to Commander Resources Ltd. (“Commander”), to settle the debt owing to Commander under the terms of the termination of the Flume Property Option Agreement. The Company no longer has any interest in the Flume Property nor does it have any further obligations to Commander with respect to the Option Agreement. The securities issued by K2 Gold in connection with the termination of the Option Agreement are subject to a four month hold expiring on January 26, 2019, as prescribed by applicable securities laws. Following the issuance of these securities, K2 Gold now has 23,889,070 common shares issued and outstanding. About K2 Gold Corporation K2 Gold Corporation is a junior mineral exploration company focused on building a portfolio of gold exploration projects in the Yukon and Alaska, including the Wels Property located approximately 185 km south of Dawson City, Yukon. In addition to Wels the Company is conducting exploration at the Flume, Storck, Ladue, and McArthur Creek properties in the South Klondike district. The Company has assembled an experienced management team and board of directors with a track record of discovery success. ON BEHALF OF THE BOARD “Stephen Swatton” Stephen Swatton, President, CEO & Director Inquiries:Tel: 604-331-5090Fax: [email protected]://k2gold.com/ Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financi...