Kalo Gold Corp. Announces $2 Million Private Placement for Fiji Exploration

Kalo Gold Holdings ( (TSE:KALO) ) just unveiled an announcement.

Kalo Gold Corp. has announced a non-brokered private placement of up to 40 million units at $0.05 per unit, aiming to raise $2 million. The funds will be used for a diamond drilling program at the Vatu Aurum Project in Fiji, targeting high-priority zones and advancing other exploration targets. The offering is subject to TSXV approval and includes a four-month hold period for the units. The company has appointed 3L Capital Inc. as a financial adviser for the transaction, with plans to use the proceeds for drilling, general working capital, and marketing.

More about Kalo Gold Holdings

Kalo Gold Corp. is a gold exploration company focused on epithermal gold deposits at its Vatu Aurum Project located on Vanua Levu, North Island. The company holds 100% of two Special Prospecting Licenses covering 367 km².

YTD Price Performance: 50.0%

Average Trading Volume: 109,163

Technical Sentiment Signal: Sell

Current Market Cap: C$11.53M

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