KO Gold Announces Increase to Non-Brokered Private Placement

Executive Summary

• KO Gold increased its non‑brokered private placement to up to 14,914,866 units, targeting gross proceeds of up to $2.44 M.
• The first closing (Initial Tranche) is expected on Jan 14, 2026 for $1.98 M; a second closing (Second Tranche) will raise approximately $458 K pending shareholder consent.
• Net proceeds are earmarked for general working capital and to fund ongoing exploration/drilling in New Zealand’s Otago Gold District.

Key Details

• Original offering: Up to 12,000,000 units at $0.15 per unit.
• Revised maximum: Up to 14,914,866 units at $0.15 per unit → gross proceeds up to $2,237,230 (initially).
• Initial Tranche: 13,203,169 units @ $0.15 each → $1,980,475.35 expected closing Jan 14, 2026.
• Second Tranche:
• Up to 1,711,697 units @ $0.15 each
• Up to 1,034,872 units @ $0.195 each
• Combined gross proceeds ≈ $458,555 (subject to shareholder approval).
• Unit composition:
• Each unit = 1 common share + 1 transferable common‑share purchase warrant.
• Warrants for $0.15 units: exercise price C$0.25, three‑year term.
• Warrants for $0.195 units: exercise price C$0.26, three‑year term.
• Statutory hold period: All securities from the Initial Tranche subject to a hold until May 15, 2026 (Canadian securities law).
• Shareholder approval: Required for Second Tranche because issuance would exceed 100 % of fully diluted shares; KO Gold will seek written consent from majority shareholders per CSE policy.
• Use of proceeds: General working capital and to fund exploration/drilling programs in the Otago Gold District, New Zealand.
• Finder’s fees & warrants: Initial Tranche includes cash finder’s fee of $28,735 and issuance of 191,567 finder’s warrants (exercise price C$0.25, three‑year term).
• Overall private placement size: Up to $2,439,030 gross proceeds if both tranches close.

Notable Quotes

(No direct quotes were provided in the release.)