K9 Gold Corp. (TSXV:KNC) announced a non-brokered private placement of 6,035,714 flow through shares at a price of CAD 0.35 per share for gross proceeds of CAD 2,112,499.90 and 1,635,000 non-flow through units at a price of CAD 0.30 per unit for gross proceeds of CAD 490,500 for aggregate gross proceeds of CAD 2,602,999.90 on January 22, 2021. The transaction will include participation from funds managed by Sprott Asset Management, LP for 2,857,143 flow through shares and a syndicate led by Palisades Goldcorp Ltd. for 1,600,000 non-flow through units. Each unit will consist of one common share and one share purchase warrant. Each warrant will be exercisable for a period of three years at a price of CAD 0.40 per share. The company will pay finder’s fees of up to 8% of gross proceeds in cash. All securities issued are subject to a four month hold period from the date of issuance. The transaction is subject to approval from the TSX Venture Exchange.