K92 Mining closes $50 million bought deal financing

1 minute read
06 July 2022

On July 6, 2022, K92 Mining Inc. ("K92") (TSX: KNT) announced that it had closed its previously announced bought deal public offering of common shares for aggregate gross proceeds of approximately $50 million.

The offering was led by Clarus Securities Inc. and Cormark Securities Inc., as co-lead underwriters and co-bookrunners, and a syndicate of underwriters that included National Bank Financial Inc., Stifel Nicolaus Canada Inc., BMO Capital Markets, Scotia Capital Inc., Desjardins Securities Inc., Eight Capital, PI Financial Corp., Raymond James Ltd.,  Haywood Securities Inc. and TD Securities Inc.
K92 is engaged in the production of gold, copper and silver from the Kora and Judd deposits at the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine.
Gowling WLG advised K92 with respect to this offering with a team that included, among others, Cyndi Laval, Jill Dunn, Raymond Ong and James Stewart.

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