KO Gold Secures C$200,000 Through Convertible Notes to Boost Exploration Efforts

KO Gold, Inc. ( (TSE:KOG) ) has provided an update.

KO Gold Inc. has successfully closed a financing round by issuing convertible promissory notes totaling C$200,000. These notes, which carry an annual interest rate of 12%, are due in six months and can be converted into company units before maturity. This financial move is part of KO Gold’s ongoing strategy to fund its exploration activities in the Otago Gold District, enhancing its operational capabilities and potentially strengthening its position in the gold exploration industry. The issuance of these notes, however, is not intended for the U.S. market, adhering to specific securities regulations.

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 within the Otago Gold District in New Zealand. KO Gold holds eight 100%-owned prospecting and exploration permits covering a total of 740 square kilometers. Notably, its Smylers and Glenpark exploration permits are located near OceanaGold’s Macraes Gold Mine, and the Carrick exploration permit includes the historic Carrick Goldfield, which is considered a significant gold deposit near Santana Minerals’ Bendigo-Ophir Gold Project. Over the past five years, KO Gold has invested over C$3 million in exploration and drilling activities in the Otago Gold District.

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Average Trading Volume: 10,203

Technical Sentiment Signal: Strong Buy

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