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K2 Gold ( (TSE:KTO) ) has issued an update.
K2 Gold Corporation has announced an increase in their private placement offering to raise up to CAD 3 million. The proceeds will be used for exploration and permitting at the Mojave project in California, as well as for general working capital. The offering includes units priced at CAD 0.15, each consisting of one common share and half a warrant, with possible acceleration of warrant expiry. This strategic move aims to enhance the company’s operational capacity and strengthen its position in the resource exploration sector.
More about K2 Gold
K2 Gold Corporation operates in the mining industry, focusing on exploration and development of mineral projects. The company is part of the Discovery Group and holds projects in the Southwest USA and Yukon, including the Mojave gold project in California and the Wels Project in Yukon, known for their gold and base metal targets.
YTD Price Performance: 50.0%
Average Trading Volume: 181,157
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$24.65M
For detailed information about KTO stock, go to TipRanks’ Stock Analysis page.