Kobo Resources Inc. (TSE:KRI) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Kobo Resources Inc. has successfully completed the first tranche of its non-brokered private placement, raising $1.485 million, alongside a concurrent brokered placement adding another $2.933 million. The fundraising efforts, with lead investor Luso Global Mining, are set to finance the company’s expanded diamond drill program and other exploration activities. Shareholders now have the option to purchase additional shares at a set price until June 2026, as the company prepares for a second tranche expected to close in early July 2024.
For further insights into TSE:KRI stock, check out TipRanks’ Stock Analysis page.