Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
KO Gold, Inc. ( (TSE:KOG) ) has shared an announcement.
KO Gold Inc. has closed the first tranche of its non-brokered private placement, raising approximately $1.98 million through the issuance of over 13.2 million units priced at $0.15, each comprising one share and a three-year warrant exercisable at $0.25. The company is now seeking written shareholder consent to proceed with a second tranche that would bring total gross proceeds to about $2.44 million, with the funds earmarked for general working capital and to advance exploration and drilling across its Otago Gold District projects in New Zealand, potentially strengthening its financial position and capacity to progress key gold targets adjacent to established operations in the region.
More about KO Gold, Inc.
KO Gold Inc. is a Canadian junior exploration company listed on the CSE that focuses 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 ground adjacent to OceanaGold’s Macraes Gold Mine and the historic Carrick Goldfield near Santana Minerals’ Bendigo-Ophir project, and also holds NSR interests over additional permits. KO Gold has invested more than C$3 million in exploration and drilling in the district over the past five years, including RC and diamond drilling on its Smylers permit.
Average Trading Volume: 56,076
Technical Sentiment Signal: Hold
Current Market Cap: C$6.59M
See more data about KOG stock on TipRanks’ Stock Analysis page.