Vancouver (pcJ News Briefs) – K92 Mining Inc. (TSX-V: KNT; OTCQB: KNTNF) has closed fully subscribed non-brokered private placement of 13,333,333 units at $0.75 per unit for gross proceeds of $10 million.
Each unit consists of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of $1.00 for a period of 12 months from the date of issuance.
In connection with the Financing and subject to TSX Venture approval, K92 intends to pay a finder’s fees of an aggregate of 1,053,333 shares and 1,053,333 warrants (exercisable at $1.00 for a period of 12 months) to various finders.