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An update from Kobo Resources Inc. ( (TSE:KRI) ) is now available.
Kobo Resources Inc. has successfully closed the second and final tranche of its upsized non-brokered private placement, raising over $3.96 million in total. The funds will be used to advance exploration initiatives at the Kossou Gold Project, including extending known mineralization zones and conducting preliminary metallurgical work. This financing reflects strong investor confidence in Kobo’s exploration strategy and positions the company to further develop its gold assets in Côte d’Ivoire.
The most recent analyst rating on (TSE:KRI) stock is a Buy with a C$0.55 price target. To see the full list of analyst forecasts on Kobo Resources Inc. stock, see the TSE:KRI Stock Forecast page.
More about Kobo Resources Inc.
Kobo Resources Inc. is a gold exploration company focused on developing its Kossou Gold Project in Côte d’Ivoire, a region known for its prolific gold production. The company has conducted extensive drilling and trenching to explore high-priority targets within the project area, aiming to define the scale and potential of its gold discovery.
Average Trading Volume: 68,747
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$24.93M
See more insights into KRI stock on TipRanks’ Stock Analysis page.