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KO Gold, Inc. ( (TSE:KOG) ) has shared an update.
KO Gold Inc. has announced the sale of certain exploration and prospecting permits in New Zealand to an arm’s length party for CDN $260,000, retaining a 2% Net Smelter Royalty on future production. This transaction, subject to customary closing conditions, allows KO Gold to concentrate on its priority drill-ready permits. Additionally, the company has fully repaid its outstanding convertible debenture notes, thereby strengthening its balance sheet by eliminating debt and potential equity dilution.
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 New Zealand’s Otago Gold District. It holds eight prospecting and exploration permits in the district, covering a total area of 399.9 km². KO Gold’s key projects include the Smylers and Glenpark EPs, located near OceanaGold’s Macraes Gold Mine, and the Carrick EP, which is adjacent to the historic Carrick Goldfield.
Average Trading Volume: 8,652
Technical Sentiment Signal: Hold
Current Market Cap: C$5.21M
Find detailed analytics on KOG stock on TipRanks’ Stock Analysis page.