K9 Gold Corp. (TSXV: KNC,OTC:WDFCF) (OTCQB: WDFCF) (FSE: 5GP0) (“K9” or the “Company”) is pleased to announce that it entered into an option agreement (the “Agreement”) with Sokoman Minerals Corp. on October 2, 2025. (“Sokoman”) with respect to the Company’s 75% interest in Stony Lake Gold Property, located in central Newfoundland. Under the terms of the agreement, Sokoman has the option to acquire the Stony Lake property by issuing an aggregate of 1,500,000 shares of Sokoman common stock to K9, upon receipt of all necessary regulatory approvals.
Jeff Poloni, Chief Executive Officer of K9 Gold, said:
“We are very pleased to be partnering with Sokoman Minerals on the Stony Lake Project. Sokoman has an excellent track record of exploration success in Newfoundland, and we believe this agreement provides K9 with significant upside exposure to future discoveries while allowing us to focus our efforts on advancing the recently acquired Trinity Silver Project in Nevada.”
In connection with this transaction, the Company also announced that it has reduced the size of its previously announced private placement from $2,500,000 to $1,250,000. The reduction reflects the company’s decision to shift its exploration focus to the Trinity Silver Project, and as a result, K9 no longer requires additional resources previously allocated for work on the Stony Lake Property.
This adjustment will result in less dilution to shareholders, while still providing K9 with sufficient capital to continue to advance the historic resource and conduct targeted exploration and development activities at the Trinity Silver Project.
Proceeds from the financing will now be primarily used for exploration and development at Trinity and for general working capital purposes.
About K9 Gold Corp.
K9 Gold Corp. is a mineral exploration company focused on the acquisition, exploration and development of mineral properties in North America. The company’s principal asset is the Trinity Silver Project in Pershing County, Nevada, which covers approximately 14,523 acres of owned and leased land and is home to a historic open-pit, heap-leach silver operation.
The company is listed on the TSX Venture Exchange.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer for forward-looking information
Certain statements in this press release are forward-looking statements, which reflect management’s expectations regarding K9’s intent to continue to identify potential transactions and implement certain business changes and applications. Forward-looking statements consist of statements that are not purely historical, including statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that could cause actual results, performance or developments to differ materially from those expressed in the statements. There can be no assurance that the events anticipated in the forward-looking statements will occur or, if they do occur, what benefits K9 will derive from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions that may prove incorrect. A number of risks and uncertainties could cause actual results to differ materially from those expressed or implied in the forward-looking statements, including K9’s inability to identify transactions on satisfactory terms or at all and the results of exploration or appraisal of properties that K9 does acquire. These forward-looking statements are made as of the date of this press release and K9 assumes no obligation to update these forward-looking statements or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269583
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