Kiboko Gold cuts placement unit price to eight cents

Executive Summary

• Kiboko Gold Inc. has announced the repricing of its non-brokered private placement of units, reducing the price per unit to better reflect current market conditions.
• The offering size remains up to $1 million, but the unit price has been lowered from 10 cents to 8 cents on a post-consolidation basis, increasing the total number of units offered to 12.5 million.
• Each unit consists of one common share and one transferable warrant, with the net proceeds designated for general corporate and working capital purposes.

Key Details

• Transaction Type: Non-brokered private placement repricing.
• Original Price: 10 cents per unit.
• Repriced Price: 8 cents per unit (post-consolidation basis).
• Total Units: Up to 12.5 million units.
• Gross Proceeds: Up to $1 million.
• Unit Composition: Each unit consists of one post-consolidation common share and one post-consolidation transferable common share purchase warrant.
• Warrant Terms: Each warrant entitles the holder to purchase one additional post-consolidation common share for 12 cents.
• Warrant Expiry: Two years following completion of the private placement.
• Use of Proceeds: General corporate and working capital purposes.
• Hold Period: Four months and one day for common shares and warrants, in accordance with applicable Canadian securities laws.
• Regulatory Status: Closing is subject to customary conditions and receipt of necessary approvals, including approval of the TSX Venture Exchange.
• Finder’s Fees: The company may pay finders' fees in accordance with TSX Venture Exchange policies.
• Context: This repricing relates to the private placement originally announced on September 30, 2025, and is linked to a share consolidation process also pending TSX Venture Exchange approval.