Kobo Resources Announces Closing of Non-Brokered Private Placement with Drilling Services Provider

Executive Summary

• Kobo Resources closed a non‑brokered private placement of common shares, raising gross proceeds of $287,491.80.
• Rockstone Drilling Inc. subscribed for 958,306 shares at $0.30 per share, providing strategic financing aligned with ongoing exploration activities.
• Net proceeds will be used for general corporate and working capital purposes, enhancing flexibility for drilling programs in 2026.

Key Details

• Offering Size: Gross proceeds of $287,491.80 from the private placement.
• Subscriber: Rockstone Drilling Inc., a long‑time operational partner since 2023.
• Shares Subscribed: 958,306 common shares.
• Price per Share: $0.30 (exempt from prospectus requirements under NI 45‑106).
• Statutory Hold Period: Shares subject to a hold until June 4, 2026.
• Use of Proceeds: Net proceeds earmarked for general corporate and working capital purposes, supporting exploration and drilling activities.
• Regulatory Notes: Shares not registered under the U.S. Securities Act; resale to U.S. persons prohibited absent registration or exemption.

Notable Quotes

“We appreciate the continued support from Rockstone Drilling, who has been an important operational partner at Kossou since 2023. Their participation in this financing reflects alignment with our ongoing exploration programs and provides additional flexibility as we advance drilling activities in 2026.” – Edward Gosselin, CEO & Director, Kobo Resources Inc.