Kapa Gold raises $710K via accelerated warrant exercise

Executive Summary

• Kapa Gold Inc. reports that 3,552,600 warrants were exercised at $0.20 per warrant, generating total proceeds of $710,520.
• The exercised warrants originated from a private placement closed on May 19, 2022; the exercise price and expiry date had been amended on April 8, 2024.
• All remaining unexercised warrants have now expired and will not be issued.

Key Details

• Warrant Exercise: 3,552,600 warrants exercised at $0.20 each → Total proceeds: $710,520.
• Origin of Warrants: Issued in connection with the closing of a private placement on May 19, 2022.
• Amendments: Exercise price and expiry date were amended on April 8, 2024.
• Expiration: All unexercised warrants have now expired and are of no force or effect.
• Use of Proceeds: Funds will be applied to general administrative and working capital purposes.

Notable Quotes

(No direct quotes provided in the release.)