KO Gold arranges $2-million private placement

Executive Summary

• KO Gold Inc. has arranged a non-brokered private placement of up to 10 million units for gross proceeds of up to C$2,000,000.
• Each unit consists of one common share and one transferable common share purchase warrant, exercisable at 25 cents per share for two years.
• Net proceeds will be used for general working capital and to fund exploration drilling programs in the Otago gold district, specifically targeting the Smylers and Carrick permits.

Key Details

• Transaction Structure: Non-brokered private placement of up to 10,000,000 units.
• Price: 20 cents per unit.
• Gross Proceeds: Up to C$2,000,000.
• Warrant Terms: Each unit includes one transferable common share purchase warrant.
  • Exercise Price: 25 cents per share.
  • Term: Two years from the date of issuance.
• Use of Proceeds:
  • General working capital.
  • Financing continuing exploration drilling programs in the Otago gold district, New Zealand.
  • Specific drilling targets:
    • Smylers Permit: Test for continuity of mineralization intersected in previous drilling.
    • Carrick Permit: Validate previous historic significant gold intersections with twin and stepout holes.
• Closing Date: Anticipated on or about November 14, 2025.
• Finders' Fees: Cash and/or warrants (on same terms as the private placement) may be paid to qualified parties.
• Hold Period: All securities subject to a statutory hold period of four months and one day from the date of issuance.

Notable Quotes

• No direct quotes from management were included in the provided text.