Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
KO Gold, Inc. ( (TSE:KOG) ) has issued an update.
KO Gold Inc. has announced a debt settlement agreement to resolve outstanding debts totaling $493,471.24 by issuing 2,467,356 common shares at $0.20 per share. This move is expected to strengthen the company’s balance sheet by eliminating liabilities. The settlement involves participation from two insiders, constituting a related party transaction under regulatory guidelines, but it does not exceed 25% of the company’s market capitalization, allowing for certain exemptions.
More about KO Gold, Inc.
KO Gold Inc. is a Canadian junior exploration company listed on the CSE under ‘KOG’. The company focuses on acquiring and exploring gold properties within the Otago Gold District in New Zealand. KO Gold holds four 100%-owned exploration permits and one under application, covering a total land package of 400 km². The company’s exploration activities are strategically located near significant gold deposits, including the historic Carrick Goldfield.
Average Trading Volume: 24,416
Technical Sentiment Signal: Sell
Current Market Cap: C$4.38M
For detailed information about KOG stock, go to TipRanks’ Stock Analysis page.