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KO Gold, Inc. ( (TSE:KOG) ) just unveiled an update.
KO Gold Inc. has upsized its non-brokered private placement to a maximum of 14,914,866 units at prices of C$0.15 and C$0.195 per unit, for potential aggregate gross proceeds of approximately C$2.44 million, following strong investor demand. The company expects to close an initial tranche on January 14, 2026, raising about C$1.98 million through 13,203,169 units and paying cash finder’s fees and issuing finder’s warrants, while a second tranche—requiring shareholder approval due to the resulting dilution—could add roughly C$458,555. Each unit includes one common share and a three-year warrant exercisable at C$0.25 or C$0.26 per share, and the funds are earmarked for general working capital and to advance KO Gold’s ongoing exploration and drilling programs in the Otago Gold District, underscoring the firm’s efforts to strengthen its balance sheet and accelerate project development in New Zealand.
More about KO Gold, Inc.
KO Gold Inc. is a Canadian junior exploration company listed on the Canadian Securities Exchange under the symbol KOG, focused on acquiring and exploring highly prospective gold properties in New Zealand’s Otago Gold District. The company currently holds four 100%-owned prospecting and exploration permits, including the Carrick Range application, covering a combined land package of about 400 square kilometres in this historically significant gold region.
Average Trading Volume: 59,363
Technical Sentiment Signal: Hold
Current Market Cap: C$5.74M
Learn more about KOG stock on TipRanks’ Stock Analysis page.