– more than $2 million in warrant exercises completed during past 10 days
– all warrants exercisable at $0.50 have now been exercised or have expired
K92 Mining Inc. (“K92”) (TSX.V:KNT)(OTC:KNTNF) is pleased to report it has received warrant exercises with a value in excess of $2 million during the past 10 days.
As at May 20, 2016, K92 had 22,136,890 warrants exercisable at $0.50 outstanding. The last of these warrants expired on November 20, 2017.
Prior to the expiration date, a cumulative total of 16,437,048 warrants were exercised for total proceeds to K92 of $8,218,524. This cumulative total includes in excess of more than $2 million exercised during the last 10 days (all funds in CAD).
During the past month, K92 has reported on continued progress at its Kainantu Gold-Copper project located in Papua New Guinea and has issued updates on production, exploration and expansion. Mining and processing operations are ongoing and two drill rigs are currently operating from underground set-ups with a third more powerful drill rig having recently arrived on site and currently being commissioned.