KO Gold expects to close financing tranche June 30
2025-06-12 20:56 ET – News Release
Mr. Greg Isenor reports
KO GOLD PROVIDES UPDATE ON NON-BROKERED PRIVATE PLACEMENT FOR GROSS PROCEEDS UP TO C$2,000,000
KO Gold Inc. has provided an update on its previously announced non-brokered private placement of up to 10 million units, as originally announced on March 27, 2025.
The units will be issued at a price of 20 cents per unit for gross proceeds of up to $2-million. Each unit will consist of one common share and one transferable common share purchase warrant. Each warrant will entitle the holder to acquire one additional share at a price of 25 cents for a period of two years from the date of issuance.
The company intends to use the net proceeds from the private placement for general working capital purposes and to finance continuing exploration and drilling programs in the Otago gold district, New Zealand. The company may close the private placement in tranches and anticipates closing the first tranche on or about June 30, 2025.
Finders’ fees in the form of cash and/or warrants, on the same terms as those issued in the private placement, may be paid to qualified parties in connection with the offering. All securities issued in connection with the private placement will be subject to a statutory hold period of four months and one day from the date of issuance.
About KO Gold Inc.
KO Gold is a Canadian junior exploration company listed on the Canadian Securities Exchange under KOG. The company’s strategy is to acquire and explore highly prospective gold properties within the Otago gold district in New Zealand. KO Gold has eight 100-per-cent-owned prospecting and exploration permits within the Otago gold district for a combined land package of 740 square kilometres. The company’s Smylers and Glenpark exploration permits (EPs) are located adjacent to OceanaGold’s Macraes gold mine, and the Carrick EP hosts the historic Carrick goldfield, which holds promise as a significant gold deposit near Santana Minerals’ Bendigo-Ophir gold project. KO Gold has spent over $3-million in exploration and drilling on its permits in the Otago gold district over the past five years, including reverse circulation (RC) and diamond drilling on its Smylers EP.
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