Kiboko Gold completes rollback, financing

Executive Summary

• Kiboko Gold Inc. has closed its previously announced non-brokered private placement, raising $1.02 million in gross proceeds.
• The company simultaneously completed a 1-for-10 share consolidation, with shares commencing post-consolidation trading on January 23, 2026.
• The private placement consists of 12.75 million units, each comprising one common share and one transferable warrant exercisable at 12 cents.

Key Details

• Financing Structure: Non-brokered private placement closed with the issuance of 12.75 million units.
• Pricing and Proceeds: Units were priced at $0.08 per unit, resulting in aggregate gross proceeds of $1.02 million.
• Warrant Terms: Each unit includes one transferable common share purchase warrant. Warrants allow the purchase of one additional common share at an exercise price of $0.12 for a period of two years from issuance.
• Post-Consolidation Share Count: Following the private placement and consolidation, the company has 17,163,709 post-consolidated common shares issued and outstanding.
• Use of Proceeds: Net proceeds are intended for general corporate and working capital purposes.
• Regulatory Status: The private placement is subject to final acceptance by the TSX Venture Exchange. All securities are subject to a statutory hold period of four months and one day.
• Share Consolidation Details:
  • Ratio: 1 postconsolidation common share for every 10 preconsolidation common shares.
  • Effective Date: Shares commenced trading on a postconsolidation basis at the opening of markets on January 23, 2026.
  • TSX-V Approval: Approved by the TSX-V; bulletin issued on January 21, 2026.
  • New Identifiers: CUSIP 493734 20 6; ISIN CA 493734 20 6 7.
• Shareholder Impact: Positions held through brokers or in book-entry form are adjusted automatically; no action required from shareholders. Convertible/exercisable securities are adjusted by the consolidation ratio and exercise price.