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Kiboko Gold, Inc. ( (TSE:KIB) ) has shared an announcement.
Kiboko Gold Inc. has announced a repricing of its non-brokered private placement of units, originally set to raise up to $1,000,000, to better align with current market conditions. The new pricing is set at $0.08 per unit, down from $0.10, with each unit comprising one common share and one warrant. The proceeds from this private placement are intended for general corporate and working capital purposes, with the closing subject to customary conditions and necessary approvals. This strategic move aims to enhance the company’s financial flexibility and potentially strengthen its market position.
More about Kiboko Gold, Inc.
Kiboko Gold Inc. is a Canadian-based exploration company focused on advancing its Harricana Gold Project, located 55 km north of Val-d’Or, Québec, within the world-renowned southern Abitibi gold belt. The company’s shares trade on the TSX Venture Exchange under the symbol ‘KIB’.
Average Trading Volume: 294,487
Technical Sentiment Signal: Buy
Current Market Cap: C$441.4K
Learn more about KIB stock on TipRanks’ Stock Analysis page.