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Financings

Kobo Resources Announces Non-Brokered Private Placement

By The Northwire Desk — AI Analysis Jan 27, 2026 · 07:45 KRI · 0.275 Kobo Resources Inc.
KRI · Price

Executive Summary

  • Kobo Resources Inc. announced a non‑brokered private placement of 958,306 common shares at $0.30 per share for gross proceeds of approximately $287,492.
  • The net proceeds are earmarked for general corporate and working‑capital purposes to support ongoing exploration activities in Côte d’Ivoire.
  • Closing is expected around February 3, 2026, subject to customary conditions including TSX Venture Exchange approval and a four‑month statutory hold period.

Key Details

  • Offering size: 958,306 common shares.
  • Price per share: $0.30.
  • Gross proceeds: $287,491.80.
  • Net use of proceeds: General corporate and working‑capital purposes (including funding of exploration programs at the Kossou Gold Project and Kotobi Permit).
  • Closing date target: On or about February 3, 2026.
  • Statutory hold period: 4 months per Canadian securities law.
  • Regulatory exemptions: Issuance under NI 45‑106 prospectus exemptions; not registered in the United States and not offered to U.S. persons absent exemption.
  • Approvals required: TSX Venture Exchange approval and any other necessary regulatory consents.
  • Contact: Edward Gosselin, CEO & Director – 1‑418‑609‑3587, [email protected].

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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Kobo uncorks 2 meters of 75 g/t gold at Kossou, lighting a fire under a battered stock.

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Financings