KO Gold Raises $2.45 Million After Closing Final Tranche of Private Placement

KO Gold, Inc. ( (TSE:KOG) ) has shared an announcement.

KO Gold Inc. has closed the second and final tranche of its non-brokered private placement, raising an additional $467,384.85 through the issuance of 2,789,076 units and bringing total gross proceeds from the financing to $2,447,860.15. The financing, which included units priced at $0.15 and $0.195 each with three-year share purchase warrants attached, will fund general working capital and ongoing exploration and drilling programs in the Otago Gold District of New Zealand, underscoring the company’s commitment to advancing its gold projects and potentially strengthening its position within a district that hosts several significant neighbouring gold operations.

More about KO Gold, Inc.

KO Gold Inc. is a Canadian junior exploration company listed on the CSE under the symbol KOG, focused on acquiring and exploring highly prospective gold properties in New Zealand’s Otago Gold District. The company holds four 100%-owned prospecting and exploration permits covering about 400 km², including properties adjacent to OceanaGold’s Macraes Gold Mine and the historic Carrick Goldfield near Santana Minerals’ Bendigo-Ophir project, and has an NSR interest over three additional permits totaling 243 km², with more than C$3 million invested in exploration and drilling over the past five years.

Average Trading Volume: 54,608

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$7.33M

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