Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Kiboko Gold, Inc. ( (TSE:KIB) ) has provided an announcement.
Kiboko Gold Inc. has introduced an upsizing option to its previously announced non-brokered private placement, allowing the company to increase the offering by up to 20% to a maximum of 15 million post-consolidation units at $0.08 per unit for potential gross proceeds of up to $1.2 million. Each unit will comprise one post-consolidation common share and one transferable warrant exercisable at $0.12 for two years, with the placement now expected to close around January 25, 2026, subject to TSX Venture Exchange approval and standard closing conditions. The shares will be issued on a 10-for-1 post-consolidation basis and will be subject, along with the warrants, to a four-month-plus-one-day hold period. Kiboko plans to apply the net proceeds to general corporate and working capital needs, while the concurrent consolidation and financing structure underscore its efforts to strengthen its capital base and support ongoing exploration at its Harricana Gold Project within a challenging junior mining financing environment.
More about Kiboko Gold, Inc.
Kiboko Gold Inc. is a Canadian-based mineral exploration company focused on advancing its Harricana Gold Project, located 55 kilometres north of Val-d’Or in Québec’s prolific southern Abitibi gold belt. The company’s shares trade on the TSX Venture Exchange under the symbol KIB, positioning it within the junior gold exploration segment of the Canadian capital markets.
Average Trading Volume: 118,356
Technical Sentiment Signal: Buy
Current Market Cap: C$447.1K
For a thorough assessment of KIB stock, go to TipRanks’ Stock Analysis page.