Northwire Canada EditionThursday, November 12, 2026
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Financings

Kiboko Announces Upsizing Option on Non-Brokered Private Placement

KIB · Price

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.)

Read the original news release →

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