Kiboko Announces Upsizing Option on Non-Brokered Private Placement

Executive Summary

• Kiboko Gold Inc. announced it may increase its non‑brokered private placement by up to 20%, adding as many as 2,500,000 additional units for a total of up to 15,000,000 units at $0.08 per unit (gross proceeds up to $1.2 million).
• The expected closing date has been extended to on or about January 25, 2026.
• Proceeds are intended for general corporate and working‑capital purposes; all other terms of the original placement remain unchanged.

Key Details

• Upsizing Authorization: Company reserves right to issue up to an additional 2,500,000 post‑consolidation units (each unit = one common share + one warrant).
• Pricing & Proceeds: Units priced at $0.08 each; total potential gross proceeds of up to $1,200,000.
• Warrant Terms: Each warrant allows purchase of one additional post‑consolidation common share at an exercise price of $0.12, exercisable for two years after the private placement’s completion.
• Closing Timeline: Expected closing moved to on or about January 25, 2026 (subject to customary conditions and TSX Venture Exchange approval).
• Use of Proceeds: Net proceeds will be used for general corporate and working‑capital purposes.
• Share Consolidation Context: Units are issued on a post‑consolidation basis (10 pre‑consolidation shares → 1 post‑consolidation share); consolidation pending TSX Venture Exchange approval.
• Hold Period: Issued common shares and warrants subject to a four‑month‑plus‑one‑day hold period under Canadian securities law.
• Finder’s Fees: Company may pay finder’s fees in accordance with TSX Venture Exchange policies.

Notable Quotes

(No executive quotes were included in the release.)