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     217  0 Kommentare K92 Closes Oversubscribed Financing For Gross Proceeds of $16,554,600

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 27, 2017) -

    THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

    K92 Mining Inc. ("K92" or the "Company") (TSX VENTURE:KNT) is pleased to announce that it has closed its private placement financing previously announced on June 6th, 2017, which was oversubscribed, raising total gross proceeds of $16,554,600 (the "Offering").

    A total of $13,000,000 was arranged by Clarus Securities Inc. as lead agent, on behalf of a syndicate of agents that included CIBC World Markets Inc., Eventus Capital Corp. and Haywood Securities Inc. (collectively, the "Agents") with an additional $3,554,600 arranged via a concurrent non-brokered private placement.

    Pursuant to the Offering, the Company issued a total of 20,693,250 units (the "Units") at a price of $0.80 per unit. Each Unit is comprised of one common share in the capital of the Company ("Common Share") and one Common Share purchase warrant ("Warrant"), with each Warrant entitling the holder to purchase one Common Share at an exercise price of $1.05 for 12 months following the completion of the Offering.

    The net proceeds raised from the Offering will be used by the Company for exploration and development of the Company's mineral properties and for general corporate purposes.

    For the brokered component of the Offering, the Agents received a cash commission equal to 7% of the gross proceeds of the Offering. The Agents also received compensation warrants equal to 7% of the number of Units sold under the Offering (each, a "Compensation Warrant"). For the non-brokered component of the Offering, the Company paid cash finders' fees to certain finders totaling $140,448 and granted a total of 175,560 Finder Warrants (each, a "Finders Warrant"). Each Compensation Warrant and each Finders Warrant entitles the holder to purchase one common share of the Company at a price of $1.05 for a period of 12 months from the date of closing of the Offering.

    All securities issued in connection with the Offering are subject to a four month plus one day hold expiring October 28, 2017.

    The TSXV has in no way passed upon the merits of the Offering and has neither approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

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    K92 Closes Oversubscribed Financing For Gross Proceeds of $16,554,600 VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 27, 2017) - THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. K92 …