K92 has some shares and warrants available for retail investors. I'm going to participate in this offering. You need to be an accredited investor by Canadian standards.
Dear Subscriber,
Recently, it was reported that K92 Mining Inc.'s first exploration hole drilled in a program designed to test for extensions of the Kora deposit intersected high-grade gold mineralization.
On the back of that exploration success and a concurrent gold production ramp up at the Irumafimpa Deposit, K92 has just announced a $16 million financing. The financing will allow K92 to intensify, accelerate and expand the drilling program.
The drilling program is designed to test the significant size potential presented via expansion of the high-grade Kora deposit.
Highlights of the exploration hole:
5.4 metres at 11.68 grams per tonne gold, 25.5 grams per tonne silver and 1.33 per cent copper, including 0.75 metre at 71.94 grams per tonne Au, 168.7 grams per tonne Ag and 8.51 per cent Cu, intercepted in the first completed exploration hole targeting extensions of the Kora deposit;
Intersection reported is above the average grade and thickness for the Kora deposit and is approximately 500 metres along strike and 150 metres downdip from the closest point of the currently defined Kora deposit;
Kora is a large and high-grade deposit, open for expansion in every direction and strongly mineralized at the extent of all drilling, with a current inferred resource of 4.36 million tonnes of 7.3 grams per tonne Au, 35 grams per tonne Ag and 2.23 per cent Cu.
The financing just announced is being done via a unit at CAD $0.80 which consists of one full common share and one full share purchase warrant (a warrant giving the holder the right but not obligation to purchase another common share at CAD $1.05 during the next year).
Obviously, the terms of the financing are attractive and we understand the institutional order book is very strong, and that the financing is closing fully subscribed.
Skanderbeg Capital Advisors has secured a retail allocation for our investor contacts. While no assurances can be given as to fills at this time, please reflect your interest in participation to us as soon as possible and we will revert quickly.
Your interest can be reflected by email:
Or by telephone at 1-604-687-7130
Regards,
Kind Regards,
Adam Ross
Skanderbeg Capital Advisors
