KO Gold cancels private placement

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 C$0.20 per unit.
• The cancellation eliminates the anticipated gross proceeds of up to $2 million that were expected from the financing.
• No alternative financing or timeline was provided in this release.

Key Details

• Original Offering: Up to 10 million units (each consisting of one common share and one warrant) at C$0.20 per unit, targeting gross proceeds of approximately $2 million.
• Cancellation Decision: The company will not move forward with the private placement; no units have been issued or subscribed to.
• Impact: Expected financing that could have supported exploration activities in the Otago gold district is now unavailable.
• Future Plans: No replacement financing or alternative capital‑raising strategy disclosed at this time.

Notable Quotes

(No quotes were included in the release.)