Kobo Resources Announces Non-Brokered Private Placement

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.)