Kairos Gold Closes $9.82 Million Private Placement

Kairos Gold Inc. (KIRO) closed an upsized non-brokered private placement on July 16, 2026, raising $9.82 million in gross proceeds. The offering was initially announced on June 23 at $6 million, then upsized to $9.82 million on July 13/14 due to strong investor demand.

The company issued 16,373,902 units at $0.60 per unit. Each unit contains one common share and one-half of a warrant. Warrants are exercisable at $0.88 per share for two years, with an acceleration clause if shares trade at or above $1.00 for ten consecutive days. Proceeds are designated for Phase One exploration and drilling at the Carmona Project and general working capital.

Insider participation includes CEO Michelle DeCecco, CFO Jana Lillies, and Director David Orr, who collectively acquired 46,668 units. A statutory hold period of four months and one day applies to all issued securities. The transaction remains subject to final TSX Venture Exchange approval.

Kairos Gold Inc. (KIRO) closed a financing deal that serves as a routine follow-up to its June 23 announcement and the subsequent upsizing on July 13. The market was already aware of the increased size and pricing of the transaction. The shares were issued at an issue price of $0.60, representing a slight discount to the recent trading range of $0.61–$0.68, which indicates standard venture mining financing terms.

The capital injection provides necessary runway for the Carmona Phase One drill program, which is scheduled to begin after the completion of the Oro Brillante Phase Three program. The transaction involves the issuance of 16.37 million new shares and approximately 8.2 million warrants, including finder warrants. Without total share count data, the exact dilution percentage cannot be calculated, but it will be significant for a micro-cap explorer.

The financing does not alter the company's strategic direction or project status. It is a standard capital raise to fund exploration activities, and no new strategic investors or partnerships were announced. The transaction is purely financial.

Kairos Gold Inc. (KIRO) is an exploration-stage company focused on gold, copper, and silver projects in Chile's Coquimbo Region. The company holds 17,201 hectares across five exploration properties in the prolific Chilean mega porphyry belt. Its flagship assets include the Las Garillas Project, which covers the Oro Brillante concession, and the Carmona Project, located approximately 7 km apart.

Las Garillas features high-sulphidation epithermal veins with porphyry and skarn potential. Previous drilling, including Phase 1 and Phase 2, returned high-grade gold, silver, and copper intercepts. Carmona spans 7,500 hectares and has a history of high-grade vein mining, with historical grades ranging from 50–76 g/t Au and 780–1,153 g/t Ag.