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Financings

Kobo Resources arranges $287,491 private placement

By The Northwire Desk — AI Analysis Jan 27, 2026 · 16:53 KRI · 0.28 Kobo Resources Inc.
KRI · Price

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.
Read the original news release →

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