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An update from KO Gold, Inc. ( (TSE:KOG) ) is now available.
KO Gold Inc. has successfully completed debt settlement agreements with certain creditors, converting $493,471.24 of outstanding debts into 2,467,356 common shares at a price of $0.20 per share. This strategic move, which involved two insiders and constitutes a related party transaction, allows the company to improve its financial position and focus on its exploration activities in the Otago Gold District. The settlement also resulted in Gregory Isenor increasing his stake in the company to 12.76%, highlighting a potential shift in shareholder dynamics.
More about KO Gold, Inc.
KO Gold Inc. is a Canadian junior exploration company listed on the CSE under the symbol ‘KOG’. The company focuses on acquiring and exploring gold properties in the Otago Gold District in New Zealand. KO Gold holds four 100%-owned exploration permits and one under application, covering a total area of 400 km². Its exploration activities include drilling on its Smylers Gold EP, which is located near significant gold mining operations.
Average Trading Volume: 23,535
Technical Sentiment Signal: Sell
Current Market Cap: C$4.18M
See more data about KOG stock on TipRanks’ Stock Analysis page.