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KO Gold, Inc. ( (TSE:KOG) ) just unveiled an announcement.
KO Gold Inc. announced a non-brokered private placement to raise up to C$2 million by issuing 10 million units at C$0.20 each. The proceeds will fund general working capital and ongoing exploration and drilling programs in the Otago Gold District, New Zealand. The company’s drilling program aims to discover high-grade mineralized shear zones in the Carrick Goldfield and test extensions of the Hyde-Macraes Shear Zone near OceanaGold’s active Macraes Gold Mine. This initiative could enhance KO Gold’s operational capacity and strengthen its position in the gold exploration industry.
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 eight 100%-owned prospecting and exploration permits covering a total area of 740 km². The company has invested over C$3 million in exploration and drilling activities in the region over the past five years.
YTD Price Performance: -38.33%
Average Trading Volume: 10,912
Technical Sentiment Signal: Buy
For an in-depth examination of KOG stock, go to TipRanks’ Stock Analysis page.