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K92 arranges complex financing and completes RTO and further private placement financings

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K92 Mining Inc.

On February 4, 2016, K92 Holdings International Limited (“K92 Holdings”) entered into a complex financing agreement with CRH Funding II Pte. Ltd. (“CRH”), involving a secured gold prepayment investment, an equity investment and a grant of royalties, all for the purpose of funding the restart of K92’s Kainantu Gold Project in Papua New Guinea. On May 20, 2016, K92 Mining Inc. (formerly Otterburn Resources Corp.) (“K92 Mining”) completed a reverse take-over transaction (the “RTO“) pursuant to which it acquired K92 Holdings and, on May 25, 2016, the shares of K92 Mining commenced trading on the TSX Venture Exchange as a Tier 1 mining issuer under the symbol ‘KNT’. Since completion of the RTO, K92 Mining has completed approximately $15 million in further financings by way of private placement. Fasken Martineau was counsel to K92 Mining with a team which included Georald Ingborg, Josh Lewis and Barinder Sidhu.



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