K2 Gold Targets $1.5M Raise for Mojave Project

K2 Gold (TSE:KTO) has released an update.

K2 Gold Corporation is set to enhance its financial flexibility by initiating a non-brokered private placement aimed at raising $1.5 million. Investors will be offered units comprising common shares and warrants, with an acceleration clause attached to the warrants. The funds are earmarked for the exploration and final permitting of the Mojave project and for bolstering the company’s general working capital.

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