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The latest announcement is out from KO Gold, Inc. ( (TSE:KOG) ).
KO Gold Inc. announced an update on its non-brokered private placement aiming to raise up to C$2,000,000 through the issuance of 10,000,000 units priced at C$0.20 each. The proceeds will be used for general working capital and to fund ongoing exploration and drilling programs in the Otago Gold District, New Zealand. The private placement may close in tranches, with the first expected around June 30, 2025. This move is expected to bolster KO Gold’s financial position and support its strategic exploration initiatives in a region known for significant gold deposits.
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 promising gold properties within the Otago Gold District in New Zealand. KO Gold holds eight 100%-owned prospecting and exploration permits in this region, covering a total area of 740 km². The company has invested over C$3 million in exploration and drilling activities over the past five years, including work on its Smylers exploration permit.
Average Trading Volume: 11,143
Technical Sentiment Signal: Hold
See more insights into KOG stock on TipRanks’ Stock Analysis page.