Kobo Resources arranges $287,491 private placement

Executive Summary

• Kobo Resources Inc. announced a non-brokered private placement of 958,306 common shares at $0.30 per share, raising gross proceeds of $287,491.80.
• The offering is exempt from prospectus requirements under National Instrument 45-106, with shares subject to a four-month statutory hold period.
• Net proceeds will be used for general corporate and working capital purposes, with closing expected on or about February 3, 2026, subject to TSX Venture Exchange approval.

Key Details

• Transaction Type: Non-brokered private placement.
• Shares Issued: 958,306 common shares.
• Price Per Share: $0.30 CAD.
• Gross Proceeds: $287,491.80.
• Use of Proceeds: General corporate and working capital purposes.
• Regulatory Status: Issued pursuant to exemptions from prospectus requirements under National Instrument 45-106.
• Hold Period: Shares are subject to a four-month statutory hold period under applicable Canadian securities laws.
• Closing Date: Expected on or about February 3, 2026.
• Conditions: Closing is subject to closing conditions, including receipt of necessary approvals, specifically the approval of the TSX Venture Exchange.