KO Gold Closes Second Tranche of Non-Brokered Private Placement

Executive Summary

• KO Gold Inc. closed the second and final tranche of its non‑brokered private placement, raising total gross proceeds of C$2,447,860.15.
• The offering consisted of 2,789,076 units issued at two price tiers ($0.15 and $0.195 per unit), each unit containing one common share and one warrant.
• Net proceeds are earmarked for general working capital and to fund ongoing exploration and drilling programs in New Zealand’s Otago Gold District.

Key Details

• Total gross proceeds (both tranches): C$2,447,860.15.
• Units issued in second tranche: 2,789,076 units.
• Pricing breakdown:
• 1,699,666 units at C$0.15 per unit.
• 1,089,410 units at C$0.195 per unit.
• Unit composition: each unit = 1 common share + 1 common‑share purchase warrant.
• Warrant terms (second tranche):
• Warrants attached to the C$0.15 units exercisable at C$0.25 per share for three years.
• Warrants attached to the C$0.195 units exercisable at C$0.26 per share for three years.
• Finder’s compensation: cash payment of C$11,107.05 plus issuance of 92,120 non‑transferable finder’s warrants (51,320 at $0.25 exercise; 40,810 at $0.26 exercise).
• Statutory hold period: all securities from the second tranche subject to a hold until May 27 2026 under Canadian securities law.
• Use of proceeds: general working capital and funding of exploration/drilling programs in the Otago Gold District, New Zealand.
• Regulatory condition: private placement pending final acceptance by the Canadian Securities Exchange.

Notable Quotes

(No direct quotes were provided in the release.)