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K92 Mining launches $300 million for securities offering

On June 20, 2025, K92 Mining Inc. filed a short form base shelf prospectus qualifying the distribution of securities totaling up to CAN$300 million over a 25-month period. The securities offered may include common shares, debt securities, warrants, subscription receipts, or units, either separately or in combination. These may be sold at fixed prices, variable prices, market prices, or negotiated terms, including "at-the-market" distributions on the Toronto Stock Exchange (TSX) or other recognized trading markets.

Proceeds from any offering may be used for general corporate purposes, working capital, repayment of debt, discretionary capital expenditures, or acquisitions. K92 may also issue securities as consideration in the acquisition of businesses, assets, or securities, potentially involving a mix of securities, cash, and the assumption of liabilities.

As of June 19, 2025, K92’s common shares traded at CAN$15.99 on the TSX and US$11.66 on the OTCQX. Based on the Bank of Canada exchange rate of US$1 = CAN$1.3724 on that date, the OTCQX share price equates to approximately CAN$16.00.

Gowling WLG (Canada) LLP is acting as legal counsel to K92 for Canadian legal matters related to the offerings.

The specific terms of each future offering, including the identity of underwriters, agents, pricing, and intended use of proceeds, will be disclosed in individual prospectus supplements when such offerings are made.

Company

K92 Mining Inc.

Law Firm / Organization
Gowling WLG

Company

Trafigura Pte Ltd.

Law Firm / Organization
Stikeman Elliott LLP
Public/Private Offering
Mining
$ 300,000,000
Active