KO Gold Announces Private Placement Update

Executive Summary

• KO Gold Inc. announced it will not proceed with the previously disclosed non‑brokered private placement of up to 10 million units at $0.20 per unit.
• The cancellation eliminates the anticipated gross proceeds of up to $2 million that were expected to fund exploration activities in New Zealand.
• No alternative financing has been announced, leaving the company’s near‑term capital needs uncertain.

Key Details

• Original Offering: Up to 10,000,000 units at $0.20 per unit, targeting gross proceeds of up to $2,000,000.
• Status Change: The private placement is now cancelled; no units will be issued and no funds will be received.
• Impact on Funding: Expected financing for ongoing exploration and drilling programs in the Otago Gold District will not be available as previously planned.
• Company Statement: No further comment was provided regarding alternative financing strategies or timelines.

Notable Quotes

(No executive quotes were included in the release.)