KO Gold increases private placement to $2.23-million

Executive Summary

• KO Gold Inc. has increased the size of its previously announced non-brokered private placement from 12 million units to up to 14,914,866 units due to strong investor demand.
• The total aggregate gross proceeds for the entire private placement (assuming all tranches close) are now up to approximately $2,439,030.
• The financing is structured in two tranches: an initial closing expected on Jan. 14, 2026, and a second tranche subject to shareholder approval.

Key Details

• Total Offering Size: Increased to up to 14,914,866 units at a base price of 15 cents per unit.
• Total Gross Proceeds: Up to $2,439,030 (assuming completion of all tranches).
• Initial Tranche (First Closing):
  • Expected Date: Jan. 14, 2026.
  • Units Issued: 13,203,169 units.
  • Gross Proceeds: $1,980,475.35.
  • Price: 15 cents per unit.
  • Warrants: Each unit includes one transferable common share purchase warrant exercisable at $0.25/share for three years.
  • Hold Period: Statutory hold period expiring May 15, 2026.
  • Finders' Fees: $28,735 in cash and 191,567 finders' warrants (exercisable at $0.25/share for three years).
• Second Tranche (Further Closing):
  • Status: Subject to shareholder approval (required because issuance exceeds 100% of fully diluted outstanding shares).
  • Approval Method: Written consent of shareholders holding a majority of outstanding common shares.
  • Gross Proceeds: Approximately up to $458,555.
  • Composition:
    • Up to 1,711,697 units at 15 cents per unit (1 share + 1 warrant exercisable at $0.25/share).
    • Up to 1,034,872 units at 19.5 cents per unit (1 share + 1 warrant exercisable at $0.26/share).
• Use of Proceeds: General working capital and financing continuing exploration and drilling programs in the Otago gold district, New Zealand.

Notable Quotes

• None provided in the text.